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

Victory Capital (NASDAQ:VCTR) released its earnings results on Thursday. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 Stock Performance

NASDAQ:VCTR opened at $65.64 on Friday. The firm has a 50 day moving average of $65.43 and a 200-day moving average of $59.77. Victory Capital has a 1 year low of $34.06 and a 1 year high of $73.42. The stock has a market capitalization of $4.27 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group raised their price objective on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. B. Riley reiterated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays raised their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, UBS Group upped their target price 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.