Victory Capital (NASDAQ:VCTR) Issues Quarterly Earnings Results, Hits Estimates

Victory Capital (NASDAQ:VCTR) posted its quarterly earnings results on Monday. The company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35, Morningstar.com reports. The company had revenue of $91.36 million for the quarter, compared to the consensus estimate of $93.76 million. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%.

NASDAQ VCTR traded down $1.58 during trading on Tuesday, reaching $15.71. 10,274 shares of the company’s stock traded hands, compared to its average volume of 126,090. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.77 and a beta of 1.60. The company has a 50 day simple moving average of $18.01. Victory Capital has a 12-month low of $7.27 and a 12-month high of $19.96.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of Victory Capital by 41.1% in the 2nd quarter. Renaissance Technologies LLC now owns 501,963 shares of the company’s stock worth $8,624,000 after buying an additional 146,252 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Victory Capital by 452.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock worth $1,973,000 after buying an additional 158,242 shares during the last quarter. Deutsche Bank AG grew its position in shares of Victory Capital by 10,100.0% in the 4th quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock worth $1,667,000 after buying an additional 161,600 shares during the last quarter. Weber Alan W purchased a new position in shares of Victory Capital in the 1st quarter worth approximately $1,767,000. Finally, EAM Global Investors LLC purchased a new position in shares of Victory Capital in the 1st quarter worth approximately $1,620,000. 14.69% of the stock is currently owned by institutional investors and hedge funds.

VCTR has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Victory Capital in a research note on Tuesday, June 11th. They issued a “market perform” rating on the stock. ValuEngine downgraded shares of Victory Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. B. Riley raised their target price on shares of Victory Capital from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.64.

About Victory Capital

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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Earnings History for Victory Capital (NASDAQ:VCTR)

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