Victory Capital (NASDAQ:VCTR) Sets New 1-Year High – Here’s Why

Victory Capital Holdings, Inc. (NASDAQ:VCTR) shares hit a new 52-week high on Monday . The stock traded as high as $102.60 and last traded at $102.2850, with a volume of 65663 shares changing hands. The stock had previously closed at $99.03.

Wall Street Analysts Forecast Growth

VCTR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Royal Bank Of Canada boosted their price target on shares of Victory Capital from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Barclays lifted their price objective on Victory Capital from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Morgan Stanley set a $91.00 target price on Victory Capital in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group assumed coverage on Victory Capital in a report on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

Victory Capital Stock Down 1.1%

The company has a market cap of $6.42 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.21 and a beta of 1.08. The stock has a 50-day moving average of $90.67 and a two-hundred day moving average of $79.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The firm had revenue of $387.99 million for the quarter, compared to the consensus estimate of $364.97 million. During the same period last year, the firm posted $1.36 earnings per share. The business’s revenue was up 76.7% compared to the same quarter last year. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 7.38 EPS for the current fiscal year.

Institutional Trading of Victory Capital

Several hedge funds have recently added to or reduced their stakes in VCTR. Caitong International Asset Management Co. Ltd grew its stake in shares of Victory Capital by 19,350.0% during the fourth 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 purchased a new stake in Victory Capital during the 4th quarter valued at about $30,000. Covestor Ltd boosted its holdings in Victory Capital by 99.7% during the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after acquiring an additional 334 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Victory Capital during the 1st quarter worth approximately $46,000. Finally, PNC Financial Services Group Inc. increased its stake in Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock worth $48,000 after purchasing an additional 246 shares during the period. 87.71% of the stock is owned by institutional investors.

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.