Victory Capital (NASDAQ:VCTR) Downgraded by Wall Street Zen to “Hold”

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

VCTR has been the subject of several other reports. Morgan Stanley lifted their price objective on Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings raised Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada lifted their price target on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group increased their target price on shares of Victory Capital from $100.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $119.50.

Victory Capital Trading Up 6.1%

Shares of NASDAQ:VCTR opened at $119.24 on Friday. Victory Capital has a 52 week low of $57.03 and a 52 week high of $123.55. The company has a current ratio of 1.56, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. The company has a market cap of $7.33 billion, a PE ratio of 21.92, a P/E/G ratio of 0.55 and a beta of 1.12. The company’s 50 day moving average is $110.79 and its two-hundred day moving average is $90.33.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.01). The company had revenue of $396.57 million during the quarter, compared to analyst estimates of $411.23 million. Victory Capital had a net margin of 28.58% and a return on equity of 24.37%. Equities analysts predict that Victory Capital will post 7.78 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, December 10th. This represents a $2.00 annualized dividend and a yield of 1.7%. Victory Capital’s dividend payout ratio (DPR) is currently 36.76%.

Hedge Funds Weigh In On Victory Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bahl & Gaynor LLC increased its stake in Victory Capital by 1.9% in the 3rd quarter. Bahl & Gaynor LLC now owns 3,100,986 shares of the company’s stock worth $342,969,000 after purchasing an additional 56,708 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Victory Capital by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,465 shares of the company’s stock worth $114,163,000 after purchasing an additional 221,471 shares during the last quarter. Granahan Investment Management LLC raised its stake in shares of Victory Capital by 1.1% during the 1st quarter. Granahan Investment Management LLC now owns 1,087,315 shares of the company’s stock worth $71,197,000 after purchasing an additional 12,113 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Victory Capital by 12.4% during the 1st quarter. Bank of America Corp DE now owns 1,007,405 shares of the company’s stock worth $65,965,000 after purchasing an additional 111,063 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Victory Capital in the second quarter worth approximately $42,035,000. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.