Victory Capital (NASDAQ:VCTR) had its price objective reduced by equities researchers at Barclays from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective would indicate a potential upside of 22.95% from the company’s previous close.

Several other research analysts have also commented on VCTR. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.00 price target on shares of Victory Capital in a report on Wednesday, April 11th. Morgan Stanley dropped their price objective on shares of Victory Capital from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 11th. ValuEngine lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of Victory Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, Sandler O’Neill set a $11.00 price objective on shares of Victory Capital and gave the company a “hold” rating in a research note on Friday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Victory Capital presently has a consensus rating of “Buy” and an average target price of $14.00.

NASDAQ VCTR traded up $0.17 during mid-day trading on Wednesday, hitting $9.76. The company’s stock had a trading volume of 978 shares, compared to its average volume of 80,427. Victory Capital has a 52-week low of $8.91 and a 52-week high of $13.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $663.53 million and a price-to-earnings ratio of 7.81.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $104.40 million during the quarter, compared to analysts’ expectations of $106.12 million. sell-side analysts forecast that Victory Capital will post 1.5 EPS for the current fiscal year.

Victory Capital announced that its board has initiated a share repurchase plan on Tuesday, May 22nd that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In other news, Director Alan Rappaport acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were bought at an average price of $10.18 per share, for a total transaction of $101,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Impax Asset Management LLC purchased a new stake in shares of Victory Capital during the first quarter valued at approximately $12,083,000. Citadel Advisors LLC bought a new stake in shares of Victory Capital in the first quarter worth $11,690,000. RMB Capital Management LLC bought a new stake in shares of Victory Capital in the first quarter worth $9,539,000. Principal Financial Group Inc. bought a new stake in shares of Victory Capital in the first quarter worth $7,565,000. Finally, Millennium Management LLC bought a new stake in shares of Victory Capital in the first quarter worth $5,461,000. Institutional investors own 15.95% of the company’s stock.

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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