Victory Capital (NASDAQ:VCTR) Releases Earnings Results, Beats Expectations By $0.07 EPS

Victory Capital (NASDAQ:VCTR) posted its quarterly 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 return on equity of 29.92% and a net margin of 30.82%.

Victory Capital Stock Performance

VCTR opened at $65.64 on Friday. The business’s 50-day simple moving average is $65.43 and its 200 day simple moving average is $59.77. Victory Capital has a 52-week low of $34.06 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $4.27 billion, a PE ratio of 16.33, a PEG ratio of 0.56 and a beta of 0.89.

Analyst Ratings Changes

A number of brokerages recently weighed in on VCTR. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley increased their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays upped their target price on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada boosted their price target on Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.11.

Victory Capital Company Profile

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.