Victory Capital Holdings, Inc. to Post FY2022 Earnings of $4.88 Per Share, Oppenheimer Forecasts (NASDAQ:VCTR)

Victory Capital Holdings, Inc. (NASDAQ:VCTR) – Equities research analysts at Oppenheimer upped their FY2022 earnings per share estimates for Victory Capital in a report released on Tuesday, October 12th. Oppenheimer analyst O. Lau now anticipates that the company will post earnings per share of $4.88 for the year, up from their prior estimate of $4.80.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, August 5th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. The firm had revenue of $221.90 million for the quarter, compared to analyst estimates of $222.27 million. Victory Capital had a net margin of 29.75% and a return on equity of 41.33%.

A number of other research analysts have also weighed in on the stock. BMO Capital Markets raised their price target on shares of Victory Capital from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 9th. Zacks Investment Research lowered shares of Victory Capital from a “buy” rating to a “hold” rating in a research note on Saturday, October 9th. Morgan Stanley raised their target price on shares of Victory Capital from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 10th. Finally, B. Riley raised their target price on shares of Victory Capital from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, August 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $37.00.

Shares of Victory Capital stock opened at $36.19 on Thursday. The firm has a market capitalization of $2.46 billion, a PE ratio of 10.90 and a beta of 1.10. Victory Capital has a twelve month low of $15.69 and a twelve month high of $37.07. The firm’s 50-day moving average price is $34.50 and its 200 day moving average price is $31.43. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.82.

The company also recently declared a quarterly dividend, which was paid on Monday, September 27th. Stockholders of record on Friday, September 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, September 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Victory Capital’s previous quarterly dividend of $0.12. Victory Capital’s dividend payout ratio (DPR) is currently 16.17%.

Several hedge funds and other institutional investors have recently made changes to their positions in VCTR. UBS Group AG increased its holdings in shares of Victory Capital by 125.5% during the 1st quarter. UBS Group AG now owns 2,255 shares of the company’s stock worth $58,000 after buying an additional 1,255 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Victory Capital by 74.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,190 shares of the company’s stock worth $71,000 after buying an additional 935 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Victory Capital by 66.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,553 shares of the company’s stock worth $115,000 after buying an additional 1,419 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Victory Capital by 43.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 3,934 shares of the company’s stock worth $126,000 after buying an additional 1,200 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Victory Capital by 65.5% during the 1st quarter. Royal Bank of Canada now owns 5,294 shares of the company’s stock worth $135,000 after buying an additional 2,096 shares during the last quarter. Institutional investors and hedge funds own 16.59% of the company’s stock.

About Victory Capital

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.

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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