Victory Capital (NASDAQ:VCTR) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Victory Capital (NASDAQ:VCTR) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other analysts also recently issued reports on the company. 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. UBS Group set a $117.00 price target on Victory Capital in a research note on Friday, August 28th. Weiss Ratings upgraded Victory Capital from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group lifted their price objective on Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Finally, Royal Bank Of Canada boosted their price objective on Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.71.

Victory Capital Price Performance

VCTR opened at $105.57 on Monday. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The firm has a 50-day moving average of $107.10 and a 200 day moving average of $88.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $6.49 billion, a P/E ratio of 19.41, a PEG ratio of 0.91 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.79 by $0.42. The business had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. On average, research analysts expect that Victory Capital will post 7.62 EPS for the current year.

Victory Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.9%. Victory Capital’s payout ratio is presently 36.76%.

Institutional Trading of Victory Capital

Several large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Victory Capital by 19,350.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Nykredit A S purchased a new position in Victory Capital during the second quarter valued at $26,000. Core Wealth Advisors LLC purchased a new stake in Victory Capital in the 4th quarter worth approximately $30,000. Covestor Ltd lifted its stake in shares of Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Victory Capital in the second quarter valued at about $44,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

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.