Victory Capital (VCTR) to Release Earnings on Thursday

Victory Capital (NASDAQ:VCTRGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Victory Capital (NASDAQ:VCTRGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $209.69 million for the quarter, compared to the consensus estimate of $206.49 million. Victory Capital had a net margin of 25.74% and a return on equity of 28.31%. On average, analysts expect Victory Capital to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Victory Capital Stock Down 2.8 %

VCTR stock opened at $33.73 on Thursday. Victory Capital has a 52 week low of $27.73 and a 52 week high of $35.49. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $33.70 and a 200-day simple moving average of $32.93. The stock has a market capitalization of $2.23 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.80 and a beta of 0.99.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VCTR. UBS Group lifted their price target on Victory Capital from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Bank of America dropped their target price on shares of Victory Capital from $46.00 to $45.00 in a report on Wednesday, October 4th. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $26.00 to $28.00 and gave the stock an “underweight” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Victory Capital has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Get Our Latest Stock Report on VCTR

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Victory Capital by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 230,872 shares of the company’s stock valued at $6,665,000 after acquiring an additional 15,601 shares during the last quarter. US Bancorp DE grew its holdings in shares of Victory Capital by 50.0% during the 1st quarter. US Bancorp DE now owns 9,000 shares of the company’s stock worth $260,000 after purchasing an additional 3,000 shares during the period. Bank of Montreal Can increased its position in shares of Victory Capital by 32.9% during the 1st quarter. Bank of Montreal Can now owns 34,499 shares of the company’s stock worth $1,026,000 after purchasing an additional 8,535 shares during the last quarter. BlackRock Inc. raised its holdings in Victory Capital by 33.7% in the 1st quarter. BlackRock Inc. now owns 630,415 shares of the company’s stock valued at $18,201,000 after buying an additional 159,042 shares during the period. Finally, LSV Asset Management lifted its position in Victory Capital by 2.8% in the first quarter. LSV Asset Management now owns 473,454 shares of the company’s stock valued at $13,669,000 after buying an additional 12,820 shares during the last quarter. Hedge funds and other institutional investors own 73.50% of the company’s stock.

Victory Capital Company Profile

(Get Free Report)

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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Earnings History for Victory Capital (NASDAQ:VCTR)

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