Victory Capital (NASDAQ:VCTR) Issues Earnings Results, Hits Estimates

Victory Capital (NASDAQ:VCTR) posted its quarterly earnings data on Monday. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35, Morningstar.com reports. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $93.76 million.

Shares of NASDAQ:VCTR traded down $1.41 during trading on Tuesday, reaching $15.88. 10,676 shares of the company traded hands, compared to its average volume of 126,090. The company has a fifty day simple moving average of $18.01. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 10.96 and a beta of 1.60. Victory Capital has a 1-year low of $7.27 and a 1-year high of $19.96. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.57.

Several large investors have recently modified their holdings of VCTR. Deutsche Bank AG boosted its stake in shares of Victory Capital by 10,100.0% during the 4th quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock valued at $1,667,000 after buying an additional 161,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Victory Capital by 452.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock valued at $1,973,000 after purchasing an additional 158,242 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Victory Capital by 41.1% in the 2nd quarter. Renaissance Technologies LLC now owns 501,963 shares of the company’s stock valued at $8,624,000 after purchasing an additional 146,252 shares during the last quarter. Weber Alan W acquired a new stake in shares of Victory Capital in the 1st quarter valued at $1,767,000. Finally, EAM Global Investors LLC acquired a new stake in shares of Victory Capital in the 1st quarter valued at $1,620,000. 14.69% of the stock is owned by institutional investors.



A number of equities analysts recently commented on VCTR shares. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, August 7th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Victory Capital in a research note on Tuesday, July 23rd. Oppenheimer started coverage on shares of Victory Capital in a research note on Tuesday, June 11th. They issued a “market perform” rating for the company. B. Riley raised their price objective on shares of Victory Capital from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada lifted their target price on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.64.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Earnings History for Victory Capital (NASDAQ:VCTR)

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