Victory Capital Holdings Inc Expected to Post Q2 2019 Earnings of $0.40 Per Share (VCTR)

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Victory Capital Holdings Inc (NASDAQ:VCTR) – Stock analysts at William Blair upped their Q2 2019 earnings estimates for Victory Capital in a research report issued on Monday, April 15th. William Blair analyst C. Shutler now forecasts that the company will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.35. William Blair also issued estimates for Victory Capital’s Q3 2019 earnings at $0.85 EPS.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Victory Capital had a net margin of 15.41% and a return on equity of 24.19%. The company had revenue of $95.97 million during the quarter, compared to analysts’ expectations of $98.27 million.

A number of other research firms have also recently weighed in on VCTR. Zacks Investment Research raised shares of Victory Capital from a “strong sell” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, April 2nd. Morgan Stanley set a $15.00 price objective on shares of Victory Capital and gave the company a “buy” rating in a report on Friday, February 8th. B. Riley initiated coverage on shares of Victory Capital in a report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 price objective for the company. Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a report on Friday, March 15th. Finally, Bank of America set a $18.00 price objective on shares of Victory Capital and gave the company a “buy” rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $14.81.

VCTR opened at $15.37 on Thursday. Victory Capital has a fifty-two week low of $7.27 and a fifty-two week high of $16.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.53 and a beta of 2.03.

Several hedge funds have recently added to or reduced their stakes in the company. Impax Asset Management Group plc increased its stake in shares of Victory Capital by 1.3% during the fourth quarter. Impax Asset Management Group plc now owns 1,585,710 shares of the company’s stock worth $16,206,000 after purchasing an additional 20,000 shares in the last quarter. Algebris UK Ltd acquired a new position in Victory Capital during the fourth quarter worth about $4,099,000. Dimensional Fund Advisors LP boosted its position in Victory Capital by 452.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock worth $1,973,000 after acquiring an additional 158,242 shares during the last quarter. Deutsche Bank AG boosted its position in Victory Capital by 10,100.0% during the fourth quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock worth $1,667,000 after acquiring an additional 161,600 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Victory Capital during the fourth quarter worth about $1,442,000. 13.95% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Victory Capital (NASDAQ:VCTR)

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