Victory Capital (NASDAQ:VCTR) Posts 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 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 Stock Down 0.1 %

VCTR stock traded down $0.05 during mid-day trading on Thursday, hitting $65.64. 356,463 shares of the company were exchanged, compared to its average volume of 296,906. The company has a market capitalization of $4.27 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a twelve month low of $34.06 and a twelve month high of $73.42. The firm has a fifty day simple moving average of $65.56 and a 200 day simple moving average of $59.72.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays lifted their price target on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. BMO Capital Markets lifted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley lifted 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 note on Friday, December 20th. Finally, UBS Group lifted their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $65.11.

About Victory Capital

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.