Victory Capital (NASDAQ:VCTR) Announces Earnings Results

Victory Capital (NASDAQ:VCTR - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.02), Briefing.com reports. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period in the prior year, the business posted $1.25 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year.

Victory Capital Trading Down 1.5 %

Shares of NASDAQ:VCTR traded down $0.93 during trading on Friday, reaching $59.14. The stock had a trading volume of 348,125 shares, compared to its average volume of 357,797. Victory Capital has a 52 week low of $43.82 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm's fifty day moving average is $57.57 and its 200 day moving average is $62.63. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.49 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, June 10th. This represents a $1.96 annualized dividend and a yield of 3.31%. Victory Capital's dividend payout ratio (DPR) is presently 43.02%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VCTR shares. Barclays decreased their price target on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Bank of America dropped their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets increased their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, UBS Group dropped their target price on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.33.

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.

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