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RBC Capital Reaffirms Their Buy Rating on Victory Capital Holdings (VCTR)

Tipranks - Wed Apr 22, 9:14PM CDT

In a report released on April 20, Kenneth Lee from RBC Capital maintained a Buy rating on Victory Capital Holdings, with a price target of $84.00. The company’s shares closed yesterday at $74.53.

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According to TipRanks, Lee is a 5-star analyst with an average return of 7.2% and a 60.72% success rate. Lee covers the Financial sector, focusing on stocks such as FS KKR Capital, Ameriprise Financial, and Federated Hermes.

In addition to RBC Capital, Victory Capital Holdings also received a Buy from Bank of America Securities’s Craig Siegenthaler in a report issued on April 5. However, on April 20, J.P. Morgan maintained a Hold rating on Victory Capital Holdings (NASDAQ: VCTR).

Based on Victory Capital Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $374.12 million and a net profit of $112.81 million. In comparison, last year the company earned a revenue of $232.37 million and had a net profit of $76.94 million

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