Victory Capital (NASDAQ:VCTR) Announces Quarterly Earnings Results

Victory Capital (NASDAQ:VCTR - Get Free Report) released its earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02), Briefing.com reports. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same quarter last year, the business posted $1.25 EPS. The firm's revenue was up 1.7% on a year-over-year basis.

Victory Capital Stock Down 2.5%

VCTR traded down $1.61 during midday trading on Thursday, hitting $63.01. 34,642 shares of the company's stock traded hands, compared to its average volume of 353,164. Victory Capital has a one year low of $43.82 and a one year high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The stock's fifty day simple moving average is $57.88 and its 200-day simple moving average is $62.74. The company has a market cap of $4.01 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is presently 43.65%.

Analyst Ratings Changes

VCTR has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Tuesday. Bank of America cut their price target on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $70.00.

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.