Victory Capital (NASDAQ:VCTR - Get Free Report) released its quarterly earnings data on Thursday. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07, Zacks reports. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%.
Victory Capital Trading Down 0.9 %
Shares of VCTR stock traded down $0.60 on Monday, hitting $69.98. The stock had a trading volume of 442,389 shares, compared to its average volume of 310,007. The company's 50 day moving average price is $65.46 and its 200-day moving average price is $60.11. Victory Capital has a 1 year low of $34.49 and a 1 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 firm has a market capitalization of $4.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 0.55 and a beta of 0.89.
Victory Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. 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 dividend yield of 2.69%. Victory Capital's payout ratio is presently 40.27%.
Analyst Upgrades and Downgrades
VCTR has been the subject of a number of analyst reports. Barclays upped their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday. The Goldman Sachs Group raised their target price on Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Royal Bank of Canada boosted their price target on shares of Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Finally, B. Riley reaffirmed a "neutral" rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.11.
Get Our Latest Analysis on Victory Capital
About Victory Capital
(
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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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