California State Teachers Retirement System Purchases 11,811 Shares of Victory Capital Holdings, Inc. $VCTR

Key Points

• California State Teachers Retirement System increased its Victory Capital stake by 28.9%, buying 11,811 shares to hold 52,699 shares worth approximately $3.45 million. Institutional investors collectively own 87.71% of VCTR.
• Victory Capital exceeded quarterly expectations, reporting $2.21 in EPS versus the $1.79 consensus and revenue of $435.36 million versus $386.09 million expected.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $98.29, while the company declared a quarterly dividend of $0.50 per share, representing a 1.8% yield.

California State Teachers Retirement System lifted its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 28.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,699 shares of the company's stock after purchasing an additional 11,811 shares during the quarter. California State Teachers Retirement System owned 0.08% of Victory Capital worth $3,451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Victory Capital by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company's stock worth $1,416,000 after acquiring an additional 1,060 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company's stock valued at $21,199,000 after purchasing an additional 5,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Victory Capital by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company's stock worth $5,688,000 after buying an additional 9,319 shares during the period. Jane Street Group LLC acquired a new stake in Victory Capital during the 1st quarter worth approximately $3,747,000. Finally, Intech Investment Management LLC lifted its stake in Victory Capital by 18.8% in the first quarter. Intech Investment Management LLC now owns 20,442 shares of the company's stock valued at $1,183,000 after buying an additional 3,237 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research reports. Morgan Stanley set a $91.00 price objective on shares of Victory Capital in a research report on Wednesday, July 29th. Zacks Research raised shares of Victory Capital from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on shares of Victory Capital from $87.00 to $101.00 and gave the stock a "neutral" rating in a research note on Friday. Wall Street Zen upgraded Victory Capital from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Finally, Barclays lifted their price target on Victory Capital from $95.00 to $112.00 and gave the company an "equal weight" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.29.

Victory Capital Stock Up 1.3%

VCTR stock opened at $108.16 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $91.83 and a two-hundred day moving average price of $79.92. Victory Capital Holdings, Inc. has a twelve month low of $57.03 and a twelve month high of $109.93. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.26 and a beta of 1.08.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.42. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The firm had revenue of $435.36 million during the quarter, compared to analysts' expectations of $386.09 million. Analysts anticipate that Victory Capital Holdings, Inc. will post 7.38 EPS for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, September 10th. Victory Capital's dividend payout ratio is 36.76%.

Victory Capital Profile

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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