Victory Capital (NASDAQ:VCTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $13.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.33% from the company’s current price.

According to Zacks, “Victory Capital Holdings, Inc. is an integrated multi-boutique asset management firm. The company provides institutions, financial advisors and retirement platforms which include separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles. Victory Capital Holdings, Inc. is headquartered in Cleveland, Ohio. “

Other equities analysts have also issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 target price on shares of Victory Capital in a research note on Wednesday, August 8th. Morgan Stanley upped their target price on Victory Capital from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 9th. Sandler O’Neill set a $11.00 target price on Victory Capital and gave the company a “hold” rating in a research note on Wednesday, August 8th. William Blair reiterated an “outperform” rating on shares of Victory Capital in a research note on Monday, November 12th. Finally, Keefe, Bruyette & Woods upgraded Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 target price for the company in a research note on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Victory Capital has a consensus rating of “Buy” and a consensus price target of $13.72.

NASDAQ VCTR opened at $12.00 on Friday. Victory Capital has a fifty-two week low of $7.27 and a fifty-two week high of $13.50. The firm has a market capitalization of $814.88 million and a PE ratio of 9.60. The company has a quick ratio of 1.36, a current ratio of 1.47 and a debt-to-equity ratio of 0.61.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. Victory Capital had a return on equity of 27.34% and a net margin of 14.42%. The company had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.36 million. As a group, research analysts predict that Victory Capital will post 1.52 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in VCTR. Acadian Asset Management LLC acquired a new position in Victory Capital in the third quarter valued at $117,000. Bank of Montreal Can purchased a new stake in Victory Capital during the third quarter valued at about $128,000. Trexquant Investment LP purchased a new stake in Victory Capital during the third quarter valued at about $179,000. First Trust Advisors LP purchased a new stake in Victory Capital during the third quarter valued at about $187,000. Finally, Laurion Capital Management LP purchased a new stake in Victory Capital during the third quarter valued at about $239,000. Hedge funds and other institutional investors own 16.28% of the company’s stock.

Victory Capital Company Profile

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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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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