Victory Capital Holdings Inc (NASDAQ:VCTR) has earned a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $13.13.
A number of equities analysts have weighed in on the company. ValuEngine raised Victory Capital from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Sandler O’Neill reissued a “buy” rating on shares of Victory Capital in a research report on Friday, March 15th. Zacks Investment Research downgraded Victory Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 30th. Finally, Morgan Stanley set a $15.00 price target on Victory Capital and gave the stock a “buy” rating in a research report on Friday, February 8th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in shares of Victory Capital during the third quarter worth approximately $117,000. Bank of Montreal Can bought a new stake in shares of Victory Capital during the third quarter worth approximately $128,000. Nordea Investment Management AB bought a new stake in shares of Victory Capital during the fourth quarter worth approximately $189,000. Trexquant Investment LP bought a new stake in shares of Victory Capital during the third quarter worth approximately $179,000. Finally, First Trust Advisors LP bought a new stake in shares of Victory Capital during the third quarter worth approximately $187,000. 13.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:VCTR traded down $0.54 during midday trading on Friday, reaching $14.76. The company had a trading volume of 117,055 shares, compared to its average volume of 106,134. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.47 and a current ratio of 1.74. The company has a market cap of $1.00 billion and a P/E ratio of 10.11. Victory Capital has a 1-year low of $7.27 and a 1-year high of $15.91.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $95.97 million for the quarter, compared to the consensus estimate of $98.27 million. Victory Capital had a return on equity of 24.19% and a net margin of 15.41%. As a group, equities analysts predict that Victory Capital will post 2.26 earnings per share for the current fiscal year.
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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