Teacher Retirement System of Texas Purchases 5,166 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Teacher Retirement System of Texas lifted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,326 shares of the company's stock after acquiring an additional 5,166 shares during the period. Teacher Retirement System of Texas owned 0.06% of Victory Capital worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cibc World Markets Corp acquired a new stake in Victory Capital in the 4th quarter valued at about $252,000. Royce & Associates LP raised its holdings in shares of Victory Capital by 99.1% in the 4th quarter. Royce & Associates LP now owns 278,683 shares of the company's stock worth $18,243,000 after purchasing an additional 138,700 shares in the last quarter. Swiss National Bank lifted its stake in Victory Capital by 1.0% during the fourth quarter. Swiss National Bank now owns 83,000 shares of the company's stock valued at $5,433,000 after purchasing an additional 800 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Victory Capital during the fourth quarter worth approximately $635,000. Finally, PFG Advisors bought a new stake in Victory Capital during the fourth quarter worth approximately $371,000. 87.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VCTR has been the subject of several research reports. BMO Capital Markets raised their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. B. Riley reissued a "neutral" rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $68.33.

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Victory Capital Stock Down 4.0 %

VCTR traded down $2.37 during midday trading on Friday, hitting $57.44. 276,641 shares of the company's stock traded hands, compared to its average volume of 382,620. 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 company has a market cap of $3.66 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The stock's fifty day simple moving average is $63.54 and its 200-day simple moving average is $62.63. Victory Capital Holdings, Inc. has a one year low of $41.30 and a one year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, equities analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This is a positive change from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Victory Capital's dividend payout ratio is currently 43.02%.

Victory Capital Profile

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.