Victory Capital Holdings, Inc. (NASDAQ:VCTR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $59.67.

Several research analysts have weighed in on VCTR shares. Royal Bank of Canada boosted their price target on Victory Capital from $55.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America increased their target price on Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price target on Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Victory Capital from $59.50 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd.

Hedge Funds Weigh In On Victory Capital

A number of large investors have recently modified their holdings of VCTR. Contravisory Investment Management Inc. increased its position in shares of Victory Capital by 53.2% in the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 452 shares during the last quarter. CWM LLC raised its position in shares of Victory Capital by 486.2% in the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares in the last quarter. USA Financial Formulas raised its holdings in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after acquiring an additional 676 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after purchasing an additional 479 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Trading Up 4.1 %

Shares of VCTR stock opened at $66.12 on Monday. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.69 and a beta of 0.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $57.02 and a 200 day moving average price of $52.89. Victory Capital has a twelve month low of $30.12 and a twelve month high of $68.00.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The business had revenue of $219.62 million during the quarter, compared to analyst estimates of $220.82 million. Research analysts forecast that Victory Capital will post 5.2 earnings per share for the current fiscal year.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.