Victory Capital Holdings Inc (NASDAQ:VCTR) – Equities researchers at William Blair cut their FY2018 earnings per share (EPS) estimates for Victory Capital in a report issued on Monday, November 12th. William Blair analyst C. Shutler now forecasts that the company will post earnings of $1.52 per share for the year, down from their prior forecast of $1.53. William Blair currently has a “Outperform” rating on the stock.

A number of other brokerages have also recently issued reports on VCTR. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Wednesday, October 31st. Barclays reduced their price objective on shares of Victory Capital from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 8th. Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective on the stock in a research note on Tuesday, September 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Victory Capital in a research note on Wednesday, August 8th. Finally, ValuEngine cut shares of Victory Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Victory Capital currently has an average rating of “Buy” and a consensus target price of $13.22.

Shares of VCTR stock opened at $11.99 on Wednesday. Victory Capital has a 52-week low of $7.27 and a 52-week high of $13.50. The company has a market capitalization of $804.70 million and a price-to-earnings ratio of 9.59. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Victory Capital had a net margin of 14.42% and a return on equity of 29.13%. The firm had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.36 million.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. boosted its position in shares of Victory Capital by 11.6% during the third quarter. Wesbanco Bank Inc. now owns 61,132 shares of the company’s stock worth $583,000 after purchasing an additional 6,352 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Victory Capital during the first quarter worth $139,000. Acadian Asset Management LLC bought a new position in shares of Victory Capital during the third quarter worth $117,000. Bank of Montreal Can bought a new position in shares of Victory Capital during the third quarter worth $128,000. Finally, Trexquant Investment LP bought a new position in shares of Victory Capital during the third quarter worth $179,000. 16.28% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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