News headlines about Victory Capital (NASDAQ:VCTR) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Victory Capital earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.5949906753099 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several research firms have recently issued reports on VCTR. Morgan Stanley began coverage on shares of Victory Capital in a report on Monday, March 5th. They set an “overweight” rating and a $19.00 target price for the company. JPMorgan Chase began coverage on shares of Victory Capital in a report on Monday, March 5th. They set an “overweight” rating and a $14.50 target price for the company. Barclays began coverage on shares of Victory Capital in a report on Monday, March 5th. They set an “overweight” rating and a $16.00 target price for the company. Royal Bank of Canada began coverage on shares of Victory Capital in a report on Monday, March 5th. They set an “outperform” rating and a $16.00 target price for the company. Finally, William Blair began coverage on shares of Victory Capital in a report on Monday, March 5th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Victory Capital has an average rating of “Buy” and a consensus target price of $15.44.
Shares of NASDAQ VCTR opened at $10.89 on Wednesday. Victory Capital has a twelve month low of $10.39 and a twelve month high of $13.50. The company has a market capitalization of $729.73 and a P/E ratio of 8.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.09.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Monday, March 26th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $105.65 million during the quarter, compared to analysts’ expectations of $106.14 million. sell-side analysts expect that Victory Capital will post 1.59 earnings per share for the current fiscal year.
In other news, CEO David Craig Brown acquired 16,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $12.20 per share, for a total transaction of $201,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Hawkes acquired 335,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $12.66 per share, with a total value of $4,241,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 385,500 shares of company stock valued at $4,882,400.
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About Victory Capital
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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