Downgrades Buy Neutral X

VCTR Victory Capital

B. Riley Securities

$57 $60

Upgrades Underweight Eq-Weight X

VCTR Victory Capital

Morgan Stanley

$40 $60

Initiated Equal Weight X

VCTR Victory Capital

Barclays

$58

Resumed Neutral X

VCTR Victory Capital

UBS

$36 $33

Resumed Outperform X

VCTR Victory Capital

BMO Capital Markets

$39 $46

Upgrades Underweight Overweight X

VCTR Victory Capital

Piper Sandler

$27 $35

Resumed Perform X

VCTR Victory Capital

Oppenheimer

Downgrades Outperform Mkt Perform X

VCTR Victory Capital

Keefe Bruyette

$34 $29

Resumed Buy X

VCTR Victory Capital

B. Riley Securities

$36

Initiated Neutral X

VCTR Victory Capital

UBS

$30

Resumed Buy X

VCTR Victory Capital

BofA Securities

$44

Upgrades Mkt Perform Outperform X

VCTR Victory Capital

Keefe Bruyette

$30 $39

Upgrades Underperform Buy X

VCTR Victory Capital

BofA Securities

$24 $32

Resumed Buy X

VCTR Victory Capital

Goldman

$24

Downgrades Overweight Eq-Weight X

VCTR Victory Capital

Morgan Stanley

Initiated Buy X

VCTR Victory Capital

B. Riley FBR

$20

Resumed Buy X

VCTR Victory Capital

Sandler O’Neill

Upgrades Mkt Perform Outperform X

VCTR Victory Capital

Keefe Bruyette

$12.50

Initiated Overweight X

VCTR Victory Capital

Barclays

$16

Initiated Buy X

VCTR Victory Capital

BofA/Merrill

$17

Initiated Neutral X

VCTR Victory Capital

Goldman

$14.50

Initiated Overweight X

VCTR Victory Capital

JP Morgan

Initiated Mkt Perform X

VCTR Victory Capital

Keefe Bruyette

Initiated Overweight X

VCTR Victory Capital

Morgan Stanley

Initiated Outperform X

VCTR Victory Capital

RBC Capital Mkts

$16

Initiated Hold X

VCTR Victory Capital

Sandler O’Neill

$14.50

Initiated Outperform X

VCTR Victory Capital

William Blair

VCTR  Victory Capital Holdings, Inc.

Victory Capital Holdings, Inc. is an investment management company. The Company’s model features an operating platform that provides centralized distribution, marketing and operations infrastructure to its franchises and solutions platform. Its solutions platform consists of multi-Franchise and customized solutions strategies that are primarily rules-based. It offers its solutions platform through a variety of vehicles, including separate accounts, mutual funds and VictoryShares, which is its exchange-traded funds (ETF) brand. Its franchises include Expedition Investment Partners, INCORE Capital Management, Integrity Asset Management, Sophus Capital, Sycamore Capital, Trivalent Investments, Park Avenue, SailingStone and KPB Investment Advisors. The Company’s franchises and solutions platform, as of September 30, 2017, offered 70 investment strategies with its focus asset classes, consisting of United States small- and mid-cap equities, global/non-United States equities and solutions.