Victory Capital Holdings, Inc. (NASDAQ:VCTR) Stock Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,470 shares of the company's stock after selling 13,856 shares during the quarter. Teacher Retirement System of Texas' holdings in Victory Capital were worth $1,532,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Victory Capital by 3,207.1% during the fourth quarter. Covestor Ltd now owns 463 shares of the company's stock worth $30,000 after buying an additional 449 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Victory Capital during the first quarter worth approximately $34,000. Opal Wealth Advisors LLC acquired a new stake in shares of Victory Capital during the first quarter worth approximately $37,000. KBC Group NV acquired a new stake in shares of Victory Capital during the first quarter worth approximately $131,000. Finally, Blue Trust Inc. grew its position in shares of Victory Capital by 25.0% during the first quarter. Blue Trust Inc. now owns 3,314 shares of the company's stock worth $192,000 after buying an additional 663 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Analysts Set New Price Targets

VCTR has been the subject of a number of research reports. B. Riley lifted their price objective on shares of Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group decreased their price objective on shares of Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada raised their target price on Victory Capital from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on Victory Capital from $69.00 to $62.00 and set a "neutral" rating on the stock in a research note 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.56.

Victory Capital Price Performance

Shares of VCTR traded down $1.54 during mid-day trading on Friday, hitting $64.70. The company's stock had a trading volume of 231,621 shares, compared to its average volume of 337,149. The firm has a 50-day moving average price of $62.80 and a 200 day moving average price of $62.06. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42.

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

Victory Capital Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.03%. This is a boost from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's payout ratio is currently 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.