Victory Capital (NASDAQ:VCTR) Issues Earnings Results

Victory Capital (NASDAQ:VCTR) issued its earnings results on Wednesday. The company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29, FiscalAI reports. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company had revenue of $435.36 million during the quarter, compared to analyst estimates of $386.09 million.

Victory Capital Stock Performance

Shares of Victory Capital stock traded down $2.65 on Wednesday, reaching $99.97. The stock had a trading volume of 771,386 shares, compared to its average volume of 565,209. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day moving average price is $90.67 and its two-hundred day moving average price is $79.22. The stock has a market cap of $6.25 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $105.54.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group started coverage on shares of Victory Capital in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Victory Capital from $72.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays upped their price objective on shares of Victory Capital from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley set a $91.00 target price on shares of Victory Capital in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VCTR. PNC Financial Services Group Inc. grew its position in shares of Victory Capital by 48.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after purchasing an additional 246 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Victory Capital during the 4th quarter valued at approximately $62,000. Quantbot Technologies LP grew its holdings in Victory Capital by 206.0% in the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock valued at $78,000 after buying an additional 824 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Victory Capital in the 3rd quarter valued at approximately $123,000. Finally, Harvest Fund Management Co. Ltd increased its position in Victory Capital by 2,341.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,979 shares of the company’s stock worth $193,000 after buying an additional 2,857 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.