Victory Capital (NASDAQ:VCTR)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a report released on Wednesday, April 11th. They presently have a $13.00 target price on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.38% from the company’s previous close.
VCTR has been the subject of several other reports. Royal Bank of Canada started coverage on Victory Capital in a report on Monday, March 5th. They issued an “outperform” rating and a $16.00 target price for the company. JPMorgan Chase initiated coverage on Victory Capital in a report on Monday, March 5th. They issued an “overweight” rating and a $14.50 target price for the company. Bank of America initiated coverage on Victory Capital in a report on Monday, March 5th. They set a “buy” rating and a $17.00 price target for the company. Goldman Sachs initiated coverage on Victory Capital in a report on Monday, March 5th. They set a “neutral” rating and a $14.50 price target for the company. Finally, Sandler O’Neill initiated coverage on Victory Capital in a report on Monday, March 5th. They set a “hold” rating and a $14.50 price target for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $15.44.
Shares of NASDAQ VCTR opened at $10.89 on Wednesday. The company has a market capitalization of $729.73 and a P/E ratio of 8.71. Victory Capital has a 52 week low of $10.39 and a 52 week high of $13.50. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.21 and a quick ratio of 1.21.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Monday, March 26th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. The firm had revenue of $105.65 million during the quarter, compared to the consensus estimate of $106.14 million. equities analysts forecast that Victory Capital will post 1.59 earnings per share for the current year.
In other news, CFO Terence Francis Sullivan bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $182,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence Davanzo bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $12.90 per share, with a total value of $258,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 385,500 shares of company stock valued at $4,882,400.
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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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