Zacks Investment Research Downgrades Victory Capital (VCTR) to Hold

Zacks Investment Research lowered shares of Victory Capital (NASDAQ:VCTR) from a buy rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Victory Capital Holdings, Inc. is an integrated multi-boutique asset management firm. The company provides institutions, financial advisors and retirement platforms which include separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles. Victory Capital Holdings, Inc. is headquartered in Cleveland, Ohio. “

A number of other equities research analysts have also commented on the company. Morgan Stanley lowered Victory Capital from an overweight rating to an equal weight rating in a research report on Thursday, April 11th. Bank of America set a $18.00 price target on Victory Capital and gave the company a buy rating in a research report on Tuesday, April 2nd. B. Riley assumed coverage on Victory Capital in a research report on Wednesday, March 27th. They issued a buy rating and a $20.00 price target for the company. Sandler O’Neill reissued a buy rating on shares of Victory Capital in a research report on Friday, March 15th. Finally, ValuEngine raised Victory Capital from a sell rating to a hold rating in a research report on Friday, February 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Victory Capital currently has a consensus rating of Buy and an average price target of $14.81.

NASDAQ VCTR opened at $15.34 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 10.51 and a beta of 2.03. Victory Capital has a 12 month low of $7.27 and a 12 month high of $16.47. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.59.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $95.97 million during the quarter, compared to analyst estimates of $98.27 million. Victory Capital had a return on equity of 24.19% and a net margin of 15.41%. Equities analysts expect that Victory Capital will post 2.14 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its stake in Victory Capital by 32.3% in the 4th quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock valued at $265,000 after purchasing an additional 6,328 shares during the period. New York State Common Retirement Fund grew its stake in Victory Capital by 54.8% in the 4th quarter. New York State Common Retirement Fund now owns 37,564 shares of the company’s stock valued at $384,000 after purchasing an additional 13,295 shares during the period. Bailard Inc. grew its stake in Victory Capital by 50.9% in the 4th quarter. Bailard Inc. now owns 43,900 shares of the company’s stock valued at $449,000 after purchasing an additional 14,800 shares during the period. BlackRock Inc. grew its stake in Victory Capital by 74.2% in the 4th quarter. BlackRock Inc. now owns 40,319 shares of the company’s stock valued at $412,000 after purchasing an additional 17,177 shares during the period. Finally, Nordea Investment Management AB bought a new position in Victory Capital in the 4th quarter valued at $189,000. Hedge funds and other institutional investors own 13.95% of the company’s stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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