Victory Capital Holdings Inc (NASDAQ:VCTR) has been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $13.72.
A number of research firms recently issued reports on VCTR. Zacks Investment Research upgraded shares of Victory Capital from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Saturday, November 17th. William Blair reaffirmed an “outperform” rating on shares of Victory Capital in a report on Monday, November 12th. Morgan Stanley lifted their price objective on shares of Victory Capital from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 9th. Finally, Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective for the company in a report on Tuesday, September 25th.
NASDAQ VCTR opened at $11.16 on Wednesday. The firm has a market cap of $750.60 million and a P/E ratio of 8.93. Victory Capital has a 1 year low of $7.27 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.47 and a quick ratio of 1.47.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.36 million. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%. On average, equities analysts predict that Victory Capital will post 1.52 EPS for the current fiscal year.
In other news, Director James B. Hawkes acquired 5,300 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of $12.00 per share, with a total value of $63,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in Victory Capital in the third quarter valued at $117,000. Bank of Montreal Can purchased a new stake in shares of Victory Capital during the third quarter worth about $128,000. Trexquant Investment LP purchased a new stake in shares of Victory Capital during the third quarter worth about $179,000. First Trust Advisors LP purchased a new stake in shares of Victory Capital during the third quarter worth about $187,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Victory Capital during the third quarter worth about $239,000. 15.77% of the stock is owned by institutional investors.
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.
Featured Article: Earnings Per Share
Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.