Victory Capital (NASDAQ:VCTR) Earns Neutral Rating from Analysts at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group began coverage on shares of Victory Capital (NASDAQ:VCTR) in a report issued on Tuesday. The brokerage set a “neutral” rating and a $90.00 price target on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 5.50% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $72.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays lifted their target price on shares of Victory Capital from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Victory Capital in a report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Victory Capital has an average rating of “Hold” and a consensus target price of $84.71.

Victory Capital Trading Up 0.9%

Shares of NASDAQ VCTR traded up $0.76 during midday trading on Tuesday, hitting $85.31. The stock had a trading volume of 589,584 shares, compared to its average volume of 518,414. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital has a 1-year low of $57.03 and a 1-year high of $88.73. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 0.92 and a beta of 1.09. The company has a fifty day moving average price of $76.06 and a 200 day moving average price of $70.39.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million during the quarter, compared to the consensus estimate of $364.97 million. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, analysts predict that Victory Capital will post 6.93 earnings per share for the current year.

Institutional Trading of Victory Capital

Several institutional investors have recently added to or reduced their stakes in VCTR. Caitong International Asset Management Co. Ltd grew its position in shares of Victory Capital by 19,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 387 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Victory Capital in the fourth quarter worth about $30,000. Covestor Ltd lifted its holdings in Victory Capital by 99.7% in the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after acquiring an additional 334 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Victory Capital in the first quarter valued at approximately $46,000. Finally, PNC Financial Services Group Inc. boosted its stake in Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after acquiring an additional 246 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.