Victory Capital Holdings, Inc. (NASDAQ:VCTR) Receives Consensus Rating of 'Moderate Buy'

Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) are currently recommended with a consensus rating of "Moderate Buy" by nine brokerages that analyze the firm, according to recent reports from MarketBeat. Specifically, four analysts suggest holding the stock, while five have assigned a buy recommendation. The average target price for the stock over the next twelve months stands at $59.67.

Many research analysts have recently provided their insights on Victory Capital shares. For instance, the Royal Bank of Canada has increased its target price for the company from $55.00 to $61.00, designating it as an "outperform" in a report released on October 11. Meanwhile, in a report from August 19, JPMorgan Chase & Co. raised their price objective from $45.00 to $49.00, giving the stock a "neutral" rating. Additionally, Bank of America has adjusted its target price upwards from $58.00 to $59.00, rating the stock as a "buy" in a report dated August 12. BMO Capital Markets also increased its price target from $61.00 to $69.00, marking it as an "outperform" in a report published on October 16. Finally, The Goldman Sachs Group raised its price objective from $59.50 to $60.00, again classifying it as a "buy" on October 3.

Hedge Fund Activity Regarding Victory Capital

Recently, several large institutional investors have adjusted their holdings in VCTR stock. For example, Contravisory Investment Management Inc. increased its stake by 53.2% during the third quarter, now owning 573 shares valued at $32,000 after acquiring an additional 199 shares. Farther Finance Advisors LLC saw an even more substantial increase of 367.5% in its position, now holding 575 shares worth $32,000 after adding 452 shares. In addition, CWM LLC boosted its holdings by 486.2% in the second quarter, owning 680 shares now valued at $32,000 after purchasing an additional 564 shares. USA Financial Formulas raised its ownership by 157.9%, now holding 1,104 shares valued at $61,000 after acquiring 676 shares recently. Lastly, Amalgamated Bank lifted its stake by 50.7% in the second quarter, holding 1,423 shares valued at $68,000 after purchasing 479 shares. Overall, 87.71% of the stock is currently controlled by hedge funds and institutional investors.

Share Performance of Victory Capital

As of Monday, shares of VCTR opened at $66.12. The company boasts a market capitalization of $4.29 billion, with a price-to-earnings ratio of 18.63 and a PEG ratio of 0.69. Victory Capital's current ratio and quick ratio both stand at 0.91, while its debt-to-equity ratio is reported at 0.87. The stock's 50-day moving average is $57.02, and its 200-day moving average is $52.89. Over the past 12 months, shares have ranged from a low of $30.12 to a high of $68.00.

Victory Capital last released quarterly earnings data on August 8, reporting earnings of $1.30 per share, which was a $0.04 increase over analysts' consensus estimate of $1.26. The company achieved a net margin of 27.87% with a return on equity of 29.74%. Revenue for the quarter was $219.62 million, slightly shy of the analyst estimates of $220.82 million. Analysts project that Victory Capital will achieve earnings of 5.2 per share by the end of the current fiscal year.

Company Overview of Victory Capital

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Victory Capital Holdings, Inc., along with its subsidiaries, functions as an asset management organization based both in the United States and internationally. The firm provides a wide array of investment services including advisory, fund administration, compliance, transfer agent services, distribution, and more. It specializes in offering tailored investment strategies to various clients, including institutions, intermediaries, retirement platforms, and individual investors.

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