Victory Capital (NASDAQ:VCTR) Announces Earnings Results, Beats Expectations By $0.07 EPS

Victory Capital (NASDAQ:VCTR) announced its earnings results on Thursday. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07, Zacks reports. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%.

Victory Capital Price Performance

Shares of Victory Capital stock opened at $70.58 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 52 week low of $34.49 and a 52 week high of $73.42. The stock’s 50-day simple moving average is $65.43 and its 200-day simple moving average is $59.77. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.55 and a beta of 0.89.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Victory Capital’s dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VCTR shares. Barclays increased their price objective on shares of Victory Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. B. Riley reiterated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada raised their target price on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley boosted their price target on Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.11.

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.