RBC Capital analyst Kenneth Lee reiterated a Buy rating on Victory Capital Holdings Inc (NASDAQ: VCTR) yesterday and set a price target of $13. The company’s shares opened today at $9.75.
According to TipRanks.com, Lee is a 2-star analyst with an average return of 1.4% and a 43.6% success rate. Lee covers the Financial sector, focusing on stocks such as American Equity Investment Life, Federated Investors, and Reinsurance Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Victory Capital Holdings Inc with a $12.13 average price target, implying a 24.4% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $12 price target.
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Based on Victory Capital Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $18.68 million. In comparison, last year the company had a net profit of $2.35 million.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VCTR in relation to earlier this year.
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Victory Capital Holdings, Inc. engages in the provision of investment management products and services to institutional and intermediary clients. The company sells and distributes its products through centralized distribution model, broker-dealers, retirement platforms, and registered investment advisor networks.
