Victory Capital (NASDAQ:VCTR) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

Victory Capital Price Performance

Shares of VCTR opened at $36.77 on Monday. Victory Capital has a fifty-two week low of $27.73 and a fifty-two week high of $37.68. The firm’s 50 day moving average price is $34.09 and its 200 day moving average price is $32.96. The company has a market cap of $2.43 billion, a P/E ratio of 11.75, a PEG ratio of 0.84 and a beta of 0.99. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.92.

Victory Capital Increases Dividend

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

Analyst Upgrades and Downgrades

VCTR has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Morgan Stanley upped their price objective on shares of Victory Capital from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

View Our Latest Analysis on Victory Capital

Institutional Investors Weigh In On Victory Capital

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in shares of Victory Capital by 135.3% in the 2nd 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 last quarter. Citigroup Inc. increased its position 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 purchasing an additional 591 shares during the last quarter. Bamco Inc. NY purchased 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 3rd quarter valued at approximately $70,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Victory Capital by 85.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,289 shares of the company’s stock valued at $72,000 after purchasing an additional 1,052 shares during the last quarter. 73.50% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Articles

Earnings History for Victory Capital (NASDAQ:VCTR)

Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.