Victory Capital (NASDAQ:VCTR – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.
Several other equities research analysts have also weighed in on the company. UBS Group set a $117.00 price objective on Victory Capital in a research note on Friday, August 28th. Barclays raised their target price on Victory Capital from $95.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Morgan Stanley set a $91.00 price target on Victory Capital in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on Victory Capital from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group increased their price objective on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and an average price target of $105.71.
View Our Latest Stock Analysis on Victory Capital
Victory Capital Price Performance
Victory Capital (NASDAQ:VCTR – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analysts’ expectations of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. As a group, research analysts expect that Victory Capital will post 7.62 EPS for the current fiscal year.
Institutional Trading of Victory Capital
A number of hedge funds and other institutional investors have recently modified their holdings of VCTR. Caitong International Asset Management Co. Ltd lifted its holdings in Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock worth $25,000 after buying an additional 387 shares in the last quarter. Nykredit A S bought a new stake in shares of Victory Capital during the second quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in shares of Victory Capital during the fourth quarter worth $30,000. Covestor Ltd lifted its stake in shares of Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after acquiring an additional 334 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Victory Capital during the second quarter valued at $44,000. Institutional investors and hedge funds own 87.71% of the company’s stock.
About Victory Capital
Victory Capital Inc (NASDAQ:VCTR) is a global investment management company that provides a broad range of investment solutions to individual, institutional, intermediary and retirement investors. The company manages assets through a multiboutique structure designed to preserve the distinct investment approaches of its affiliated investment teams.
Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, institutional strategies, retirement-plan solutions and other portfolio management services.
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