Victory Capital (NASDAQ:VCTR) Posts Earnings Results, Misses Expectations By $0.01 EPS

Victory Capital (NASDAQ:VCTR) released its earnings results on Wednesday. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01), FiscalAI reports. Victory Capital had a net margin of 28.58% and a return on equity of 24.46%. The business had revenue of $396.57 million during the quarter, compared to analyst estimates of $411.23 million.

Victory Capital Stock Performance

NASDAQ VCTR opened at $112.41 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Victory Capital has a 1-year low of $57.03 and a 1-year high of $123.55. The firm has a market capitalization of $6.91 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.56 and a beta of 1.12. The business’s 50-day simple moving average is $110.82 and its 200-day simple moving average is $90.07.

Victory Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th. Victory Capital’s payout ratio is currently 36.76%.

Analyst Ratings Changes

A number of research firms have recently commented on VCTR. JPMorgan Chase & Co. upped their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Weiss Ratings upgraded shares of Victory Capital from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. UBS Group set a $117.00 price target on shares of Victory Capital in a research report on Friday, August 28th. Barclays increased their price target on shares of Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. Finally, Morgan Stanley increased their price target on shares of Victory Capital from $115.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.67.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.