Victory Capital (NASDAQ:VCTR) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

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

Victory Capital Stock Down 0.1 %

NASDAQ:VCTR traded down $0.05 on Thursday, hitting $65.64. The stock had a trading volume of 356,463 shares, compared to its average volume of 296,906. Victory Capital has a 1 year low of $34.06 and a 1 year high of $73.42. The firm’s fifty day simple moving average is $65.56 and its two-hundred day simple moving average is $59.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $4.27 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets increased their price target on Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. UBS Group lifted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.