Morgan Stanley set a $15.00 price target on Victory Capital (NASDAQ:VCTR) in a report issued on Friday. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on VCTR. Zacks Investment Research lowered Victory Capital from a hold rating to a strong sell rating in a report on Wednesday, January 30th. William Blair reaffirmed an outperform rating on shares of Victory Capital in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Victory Capital presently has an average rating of Buy and an average target price of $13.28.

Victory Capital stock opened at $10.84 on Friday. Victory Capital has a 1-year low of $7.27 and a 1-year high of $13.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $734.35 million and a price-to-earnings ratio of 7.42.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Victory Capital had a return on equity of 24.70% and a net margin of 15.41%. The company had revenue of $95.97 million for the quarter, compared to analysts’ expectations of $98.27 million. As a group, analysts anticipate that Victory Capital will post 2.26 earnings per share for the current fiscal year.

In related news, Director James B. Hawkes purchased 5,000 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were purchased at an average price 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 can be accessed through this hyperlink. Also, Director James B. Hawkes purchased 5,300 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of $12.00 per share, for a total transaction of $63,600.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Victory Capital during the third quarter worth about $117,000. Bank of Montreal Can purchased a new position in shares of Victory Capital during the third quarter worth about $128,000. Trexquant Investment LP purchased a new position in shares of Victory Capital during the third quarter worth about $179,000. First Trust Advisors LP purchased a new position in shares of Victory Capital during the third quarter worth about $187,000. Finally, Laurion Capital Management LP purchased a new position in shares of Victory Capital during the third quarter worth about $239,000. 15.76% 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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