Victory Capital (NASDAQ:VCTR) Announces Quarterly Earnings Results

Victory Capital (NASDAQ:VCTR – Get Rating) released its quarterly earnings results on Thursday. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.10), reports. Victory Capital had a net margin of 31.35% and a return on equity of 39.72%. The company had revenue of $230.02 million for the quarter, compared to the consensus estimate of $238.87 million.

Shares of NASDAQ:VCTR traded down $0.06 during mid-day trading on Friday, reaching $26.56. The stock had a trading volume of 524,366 shares, compared to its average volume of 260,880. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.83 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. Victory Capital has a 1 year low of $25.49 and a 1 year high of $43.09. The business’s 50 day moving average price is $29.45 and its 200 day moving average price is $33.09.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, June 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. Victory Capital’s dividend payout ratio is currently 26.04%.

Several research firms have issued reports on VCTR. Royal Bank of Canada cut their price target on Victory Capital from $49.00 to $44.00 in a report on Tuesday, February 15th. Morgan Stanley cut their price target on Victory Capital from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, April 26th. BMO Capital Markets dropped their price objective on Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, February 14th. UBS Group started coverage on Victory Capital in a research note on Tuesday, April 26th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Bank of America started coverage on Victory Capital in a research note on Monday, January 24th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $39.71.

Several large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new stake in Victory Capital during the third quarter valued at approximately $42,000. Deutsche Bank AG raised its position in Victory Capital by 219,900.0% during the third quarter. Deutsche Bank AG now owns 2,200 shares of the company’s stock valued at $77,000 after purchasing an additional 2,199 shares during the period. Wells Fargo & Company MN raised its position in Victory Capital by 66.5% during the second quarter. Wells Fargo & Company MN now owns 3,553 shares of the company’s stock valued at $115,000 after purchasing an additional 1,419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Victory Capital by 335.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,529 shares of the company’s stock valued at $129,000 after purchasing an additional 2,719 shares during the period. Finally, Legal & General Group Plc raised its position in Victory Capital by 19.4% during the fourth quarter. Legal & General Group Plc now owns 4,615 shares of the company’s stock valued at $168,000 after purchasing an additional 750 shares during the period. Institutional investors own 68.66% of the company’s stock.

About Victory Capital (Get Rating)

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

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