Victory Capital (NASDAQ:VCTR) Announces Earnings Results

Victory Capital (NASDAQ:VCTRGet Free Report) released its quarterly earnings results on Friday. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02, Yahoo Finance reports. Victory Capital had a net margin of 25.96% and a return on equity of 28.67%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $36.77 on Friday. Victory Capital has a one year low of $27.73 and a one year high of $37.68. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.84 and a beta of 0.99. The company has a 50-day simple moving average of $34.09 and a 200-day simple moving average of $32.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 0.58.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a $0.335 dividend. This is an increase from Victory Capital’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.34 annualized dividend and a yield of 3.64%. Victory Capital’s dividend payout ratio is 40.89%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Victory Capital by 135.3% in the second quarter. Tower Research Capital LLC TRC now owns 873 shares of the company’s stock valued at $28,000 after purchasing an additional 502 shares during the period. Citigroup Inc. lifted its holdings in shares of Victory Capital by 87.7% in the 4th quarter. Citigroup Inc. now owns 1,265 shares of the company’s stock valued at $34,000 after buying an additional 591 shares during the period. Bamco Inc. NY acquired a new stake in shares of Victory Capital in the 4th quarter valued at approximately $49,000. Comerica Bank purchased a new stake in shares of Victory Capital in the third quarter valued at approximately $70,000. Finally, Ameritas Investment Partners Inc. grew its holdings in Victory Capital by 85.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,289 shares of the company’s stock worth $72,000 after acquiring an additional 1,052 shares during the period. Institutional investors and hedge funds own 73.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VCTR. Morgan Stanley boosted their price target on shares of Victory Capital from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Friday, January 19th. UBS Group boosted their target price on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Victory Capital has an average rating of “Moderate Buy” and an average target price of $38.67.

Get Our Latest Stock Report on Victory Capital

Victory Capital Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Victory Capital (NASDAQ:VCTR)

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