Victory Capital (NASDAQ:VCTR) Releases Earnings Results, Beats Expectations By $0.12 EPS

Victory Capital (NASDAQ:VCTR) announced its quarterly earnings results on Wednesday. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12, FiscalAI reports. The company had revenue of $374.12 million for the quarter, compared to analysts’ expectations of $371.09 million. Victory Capital had a net margin of 25.27% and a return on equity of 24.23%. The business’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share.

Victory Capital Stock Up 2.9%

VCTR stock opened at $70.98 on Thursday. The company has a market cap of $4.61 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital has a 52 week low of $47.00 and a 52 week high of $73.00. The business has a 50-day simple moving average of $65.66 and a 200 day simple moving average of $66.53.

Victory Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VCTR shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Zacks Research downgraded shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Barclays reduced their target price on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Morgan Stanley reduced their price objective on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Institutional Trading of Victory Capital

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in Victory Capital by 206.0% during the second quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Victory Capital in the 3rd quarter valued at approximately $123,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Victory Capital by 2,341.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,979 shares of the company’s stock valued at $193,000 after purchasing an additional 2,857 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Victory Capital during the 3rd quarter worth approximately $238,000. Finally, Voleon Capital Management LP acquired a new stake in Victory Capital in the third quarter valued at approximately $255,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.