Victory Capital Holdings Inc (NASDAQ:VCTR) – William Blair lifted their Q2 2020 earnings per share (EPS) estimates for shares of Victory Capital in a report released on Tuesday, November 5th. William Blair analyst C. Shutler now anticipates that the company will post earnings of $0.97 per share for the quarter, up from their prior forecast of $0.94.
Victory Capital (NASDAQ:VCTR) last released its earnings results on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $91.36 million during the quarter, compared to analyst estimates of $93.76 million. Victory Capital had a net margin of 14.05% and a return on equity of 28.63%.
A number of other research analysts have also weighed in on VCTR. Goldman Sachs Group reissued a “buy” rating and set a $24.00 target price on shares of Victory Capital in a research report on Tuesday, July 23rd. Zacks Investment Research lowered shares of Victory Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. JPMorgan Chase & Co. set a $22.00 price objective on shares of Victory Capital and gave the company a “buy” rating in a research report on Thursday, September 12th. Barclays reaffirmed a “buy” rating and set a $22.00 price objective on shares of Victory Capital in a research report on Wednesday, October 9th. Finally, BMO Capital Markets assumed coverage on shares of Victory Capital in a research report on Monday, October 7th. They set an “outperform” rating and a $33.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.67.
Victory Capital stock opened at $17.66 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 12.10 and a beta of 1.63. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 2.49. Victory Capital has a fifty-two week low of $8.66 and a fifty-two week high of $19.96. The firm has a fifty day moving average price of $15.77 and a two-hundred day moving average price of $16.73.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Victory Capital by 22.9% in the third quarter. First Trust Advisors LP now owns 32,903 shares of the company’s stock valued at $506,000 after acquiring an additional 6,134 shares during the period. Gs Investments Inc. increased its stake in Victory Capital by 760.3% in the third quarter. Gs Investments Inc. now owns 17,206 shares of the company’s stock valued at $265,000 after acquiring an additional 15,206 shares during the period. Russell Investments Group Ltd. increased its stake in Victory Capital by 331.1% in the third quarter. Russell Investments Group Ltd. now owns 54,470 shares of the company’s stock valued at $838,000 after acquiring an additional 41,834 shares during the period. FNY Investment Advisers LLC bought a new stake in Victory Capital in the third quarter valued at about $30,000. Finally, Virginia Retirement Systems ET AL increased its stake in Victory Capital by 202.8% in the third quarter. Virginia Retirement Systems ET AL now owns 43,300 shares of the company’s stock valued at $666,000 after acquiring an additional 29,000 shares during the period. 14.81% of the stock is owned by institutional investors and hedge funds.
In related news, Director James B. Hawkes acquired 5,692 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $15.69 per share, with a total value of $89,307.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.16% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio is currently 13.70%.
Victory Capital Company Profile
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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