Victory Capital Holdings Inc to Post FY2018 Earnings of $1.53 Per Share, William Blair Forecasts (VCTR)
Victory Capital Holdings Inc (NASDAQ:VCTR) – Investment analysts at William Blair lowered their FY2018 EPS estimates for shares of Victory Capital in a research note issued on Monday, October 15th. William Blair analyst C. Shutler now expects that the company will post earnings of $1.53 per share for the year, down from their prior forecast of $1.55. William Blair also issued estimates for Victory Capital’s Q4 2018 earnings at $0.38 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.70 EPS and FY2020 earnings at $1.86 EPS.
Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods raised Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective for the company in a report on Tuesday, September 25th. Barclays reduced their price objective on Victory Capital from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, August 8th. Sandler O’Neill set a $11.00 price objective on Victory Capital and gave the company a “hold” rating in a report on Friday, July 13th. Morgan Stanley reduced their price objective on Victory Capital from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Finally, Zacks Investment Research raised Victory Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.61.
Victory Capital (NASDAQ:VCTR) last released its earnings results on Tuesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $104.40 million during the quarter, compared to the consensus estimate of $106.12 million.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can purchased a new stake in shares of Victory Capital during the third quarter worth $128,000. Putnam Investments LLC lifted its position in shares of Victory Capital by 39.5% during the second quarter. Putnam Investments LLC now owns 145,175 shares of the company’s stock worth $1,536,000 after acquiring an additional 41,100 shares in the last quarter. Millennium Management LLC lifted its position in shares of Victory Capital by 23.3% during the second quarter. Millennium Management LLC now owns 547,382 shares of the company’s stock worth $5,791,000 after acquiring an additional 103,374 shares in the last quarter. Impax Asset Management LLC lifted its position in shares of Victory Capital by 44.1% during the second quarter. Impax Asset Management LLC now owns 1,415,710 shares of the company’s stock worth $14,978,000 after acquiring an additional 433,362 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Victory Capital during the second quarter worth $580,000. 16.23% of the stock is owned by institutional investors and hedge funds.
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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