Victory Capital’s (VCTR) “Buy” Rating Reaffirmed at Sandler O’Neill

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Victory Capital (NASDAQ:VCTR)‘s stock had its “buy” rating reiterated by analysts at Sandler O’Neill in a research report issued to clients and investors on Friday.

Several other brokerages have also recently commented on VCTR. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Saturday, November 17th. ValuEngine raised shares of Victory Capital from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Morgan Stanley set a $15.00 price objective on shares of Victory Capital and gave the company a “buy” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Victory Capital has a consensus rating of “Buy” and a consensus price target of $12.25.

Shares of VCTR traded up $0.83 during mid-day trading on Friday, hitting $14.18. 2,102 shares of the company’s stock were exchanged, compared to its average volume of 98,672. Victory Capital has a 52 week low of $7.27 and a 52 week high of $13.84. The stock has a market capitalization of $893.54 million and a PE ratio of 9.66. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, February 6th. The company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Victory Capital had a net margin of 15.41% and a return on equity of 24.70%. The company had revenue of $95.97 million for the quarter, compared to analysts’ expectations of $98.27 million. Equities research analysts predict that Victory Capital will post 2.26 earnings per share for the current fiscal year.

In other news, Director James B. Hawkes acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were acquired at an average cost of $8.80 per share, with a total value of $44,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in shares of Victory Capital during the third quarter worth $453,000. Wesbanco Bank Inc. grew its stake in shares of Victory Capital by 11.6% during the third quarter. Wesbanco Bank Inc. now owns 61,132 shares of the company’s stock worth $583,000 after buying an additional 6,352 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Victory Capital during the fourth quarter worth $399,000. Dimensional Fund Advisors LP bought a new stake in shares of Victory Capital during the third quarter worth $334,000. Finally, Bank of Montreal Can bought a new stake in shares of Victory Capital during the third quarter worth $128,000. 13.89% of the stock is currently owned by hedge funds and other institutional investors.

About Victory Capital

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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