Teacher Retirement System of Texas Has $1.53 Million Stock Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Teacher Retirement System of Texas lowered its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 34.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,470 shares of the company's stock after selling 13,856 shares during the period. Teacher Retirement System of Texas' holdings in Victory Capital were worth $1,532,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd raised its stake in Victory Capital by 3,207.1% during the 4th quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Versant Capital Management Inc purchased a new position in Victory Capital during the 1st quarter worth $34,000. Opal Wealth Advisors LLC acquired a new stake in Victory Capital in the first quarter valued at about $37,000. KBC Group NV purchased a new stake in shares of Victory Capital in the first quarter valued at approximately $131,000. Finally, Blue Trust Inc. increased its holdings in shares of Victory Capital by 25.0% in the 1st quarter. Blue Trust Inc. now owns 3,314 shares of the company's stock valued at $192,000 after purchasing an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on VCTR shares. Barclays lifted their price objective on Victory Capital from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Bank of America cut their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group reduced their price target on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Stock Performance

NASDAQ:VCTR traded down $0.78 during trading hours on Tuesday, hitting $64.13. 155,775 shares of the company traded hands, compared to its average volume of 336,140. The firm has a 50-day moving average of $62.80 and a 200 day moving average of $62.00. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.73 and a beta of 1.03. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a twelve month low of $43.82 and a twelve month high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The business had revenue of $219.60 million for the quarter, compared to the consensus estimate of $226.38 million. During the same quarter in the prior year, the business earned $1.25 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is 43.65%.

Victory Capital Company 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.