Victory Capital (NASDAQ:VCTR) Issues Quarterly Earnings Results

Victory Capital (NASDAQ:VCTR) released its quarterly earnings results on Wednesday. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.01), FiscalAI reports. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. The company had revenue of $396.57 million for the quarter, compared to analyst estimates of $411.23 million.

Victory Capital Stock Down 6.9%

Shares of NASDAQ VCTR opened at $111.84 on Thursday. The business has a 50-day moving average of $110.99 and a two-hundred day moving average of $89.85. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12. Victory Capital has a 1 year low of $57.03 and a 1 year high of $123.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VCTR shares. Morgan Stanley increased their target price on shares of Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $101.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Barclays boosted their target price on Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. UBS Group set a $117.00 target price on shares of Victory Capital in a report on Friday, August 28th. Finally, Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Victory Capital currently has a consensus rating of “Hold” and an average target price of $118.67.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.