Victory Capital (NASDAQ:VCTR) Downgraded by Wall Street Zen to "Hold"

Victory Capital (NASDAQ:VCTR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Other research analysts also recently issued reports about the stock. UBS Group cut their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. B. Riley upped their target price on shares of Victory Capital from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays upped their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Royal Bank of Canada upped their target price on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Price Performance

NASDAQ VCTR traded up $1.76 on Thursday, hitting $62.85. 89,342 shares of the company were exchanged, compared to its average volume of 351,467. The firm has a 50 day moving average of $58.63 and a two-hundred day moving average of $62.80. The company has a market cap of $4.23 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.55 and a beta of 1.05. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 1-year low of $43.82 and a 1-year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $226.38 million. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, equities analysts predict that Victory Capital will post 6.16 EPS for the current year.

Institutional Trading of Victory Capital

Hedge funds have recently modified their holdings of the company. Covestor Ltd raised its position in shares of Victory Capital by 3,207.1% in the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock valued at $30,000 after acquiring an additional 449 shares during the period. Versant Capital Management Inc bought a new stake in Victory Capital during the 1st quarter worth approximately $34,000. Principal Securities Inc. increased its stake in Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Victory Capital during the 1st quarter worth approximately $37,000. Finally, SBI Securities Co. Ltd. bought a new stake in Victory Capital during the 4th quarter worth approximately $43,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.