Victory Capital (NASDAQ:VCTR) Lowered to Hold Rating by Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Barclays set a $69.00 target price on shares of Victory Capital in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their target price on shares of Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, Morgan Stanley reduced their target price on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $62.81 on Monday. The business has a 50 day moving average price of $70.02 and a 200 day moving average price of $66.49. Victory Capital has a twelve month low of $47.00 and a twelve month high of $77.78. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.66 and a beta of 1.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million during the quarter, compared to the consensus estimate of $371.09 million. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up 61.0% compared to the same quarter last year. Research analysts predict that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is presently 48.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC bought a new position in Victory Capital during the fourth quarter worth about $30,000. Covestor Ltd lifted its stake in Victory Capital by 99.7% during the fourth quarter. Covestor Ltd now owns 669 shares of the company’s stock worth $42,000 after purchasing an additional 334 shares during the period. PNC Financial Services Group Inc. lifted its stake in Victory Capital by 48.5% during the fourth 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. Finally, GAMMA Investing LLC lifted its stake in Victory Capital by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the period. Institutional investors own 87.71% of the company’s stock.

About Victory Capital

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.