Victory Capital (NASDAQ:VCTR) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Victory Capital (NASDAQ:VCTR) issued its earnings results on Thursday. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07, Zacks reports. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%.

Victory Capital Trading Down 0.1 %

NASDAQ VCTR traded down $0.05 during mid-day trading on Thursday, reaching $65.64. 356,463 shares of the stock were exchanged, compared to its average volume of 296,906. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $4.27 billion, a P/E ratio of 16.33, a P/E/G ratio of 0.56 and a beta of 0.89. The stock has a 50 day simple moving average of $65.56 and a 200-day simple moving average of $59.72. Victory Capital has a one year low of $34.06 and a one year high of $73.42.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several recent research reports. B. Riley reissued a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Royal Bank of Canada boosted their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley raised their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their price target on shares of Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Victory Capital presently has a consensus rating of “Hold” and a consensus price target of $65.11.

About Victory Capital

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.