Victory Capital (NASDAQ:VCTR) Issues Quarterly Earnings Results

Victory Capital (NASDAQ:VCTR) posted its quarterly earnings results on Wednesday. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.42, FiscalAI reports. Victory Capital had a return on equity of 24.12% and a net margin of 29.57%.The firm had revenue of $435.36 million for the quarter, compared to analyst estimates of $386.09 million.

Victory Capital Price Performance

VCTR stock traded up $1.29 during midday trading on Friday, reaching $108.08. 138,763 shares of the company’s stock traded hands, compared to its average volume of 566,096. The company has a 50-day simple moving average of $91.35 and a two-hundred day simple moving average of $79.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital has a 1-year low of $57.03 and a 1-year high of $109.93. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.17 and a beta of 1.08.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 10th. Victory Capital’s dividend payout ratio (DPR) is currently 45.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada set a $118.00 price target on Victory Capital in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research report on Friday, July 17th. Barclays set a $112.00 target price on Victory Capital in a research report on Friday. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Morgan Stanley set a $91.00 price target on shares of Victory Capital in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Victory Capital by 48.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Victory Capital in the 4th quarter worth approximately $62,000. Quantbot Technologies LP lifted its holdings in Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after buying an additional 824 shares in the last quarter. Advisory Services Network LLC bought a new position in Victory Capital in the 3rd quarter valued at $123,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Victory Capital by 2,341.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,979 shares of the company’s stock valued at $193,000 after buying an additional 2,857 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.