Victory Capital (NASDAQ:VCTR) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Victory Capital (NASDAQ:VCTR) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently commented on the company. UBS Group set a $117.00 target price on Victory Capital in a report on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 16th. Barclays boosted their price objective on shares of Victory Capital from $121.00 to $126.00 and gave the company an “equal weight” rating in a research report on Friday. Royal Bank Of Canada boosted their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $119.50.

Victory Capital Stock Up 6.3%

Shares of NASDAQ:VCTR opened at $126.80 on Friday. The stock’s 50-day moving average is $110.96 and its 200 day moving average is $90.62. The company has a market cap of $7.80 billion, a PE ratio of 23.31, a P/E/G ratio of 0.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Victory Capital has a 1 year low of $60.70 and a 1 year high of $128.51.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). The business had revenue of $396.57 million during the quarter, compared to analysts’ expectations of $411.23 million. Victory Capital had a return on equity of 24.46% and a net margin of 28.58%. Sell-side analysts anticipate that Victory Capital will post 7.78 EPS for the current year.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s payout ratio is presently 36.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VCTR. CENTRAL TRUST Co lifted its position in Victory Capital by 51.1% during the third quarter. CENTRAL TRUST Co now owns 281 shares of the company’s stock valued at $31,000 after buying an additional 95 shares during the period. Covestor Ltd boosted its holdings in shares of Victory Capital by 19.5% during the 3rd quarter. Covestor Ltd now owns 729 shares of the company’s stock valued at $81,000 after buying an additional 119 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Victory Capital by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,294 shares of the company’s stock valued at $870,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Victory Capital by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,227 shares of the company’s stock valued at $136,000 after buying an additional 178 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Victory Capital by 7.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,456 shares of the company’s stock worth $382,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc is an investment management firm that provides services to institutional investors, financial intermediaries and individual investors. Its offerings include mutual funds, exchange-traded funds, separately managed accounts and other investment strategies across a range of asset classes.

Founded in 2013 and headquartered in San Antonio, Texas, the company operates through a group of investment franchises with distinct investment approaches. Victory Capital serves clients in the United States and internationally.