Victory Capital (NASDAQ:VCTR) Announces Earnings Results

Victory Capital (NASDAQ:VCTR) posted its earnings results on Thursday. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07, Zacks reports. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%.

Victory Capital Price Performance

Shares of NASDAQ VCTR traded down $0.05 during midday trading on Thursday, reaching $65.64. The company’s stock had a trading volume of 356,463 shares, compared to its average volume of 296,906. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $65.56 and a 200 day moving average price of $59.72. Victory Capital has a one year low of $34.06 and a one year high of $73.42. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89.

Analyst Ratings Changes

A number of research firms have issued reports on VCTR. Barclays boosted their target price on shares of Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. UBS Group boosted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $65.11.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.