Teacher Retirement System of Texas Purchases 152,984 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Teacher Retirement System of Texas grew its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 582.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,266 shares of the company's stock after acquiring an additional 152,984 shares during the quarter. Teacher Retirement System of Texas owned about 0.27% of Victory Capital worth $6,174,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VCTR. Vanguard Group Inc. raised its position in Victory Capital by 6.6% in the third quarter. Vanguard Group Inc. now owns 3,107,427 shares of the company's stock valued at $103,602,000 after purchasing an additional 191,957 shares during the period. Van Berkom & Associates Inc. lifted its stake in Victory Capital by 19.2% in the third quarter. Van Berkom & Associates Inc. now owns 1,815,741 shares of the company's stock worth $60,537,000 after acquiring an additional 292,225 shares during the last quarter. LSV Asset Management increased its position in shares of Victory Capital by 22.2% in the 3rd quarter. LSV Asset Management now owns 1,380,922 shares of the company's stock valued at $46,040,000 after purchasing an additional 250,600 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Victory Capital by 126.8% in the 3rd quarter. Corient Private Wealth LLC now owns 1,046,684 shares of the company's stock valued at $34,896,000 after purchasing an additional 585,225 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Victory Capital by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 822,668 shares of the company's stock worth $28,333,000 after purchasing an additional 38,895 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

Victory Capital Stock Performance

Victory Capital stock traded up $0.60 during mid-day trading on Tuesday, reaching $51.45. 451,603 shares of the company were exchanged, compared to its average volume of 413,296. Victory Capital Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $52.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 0.66. The firm's 50-day simple moving average is $44.88 and its two-hundred day simple moving average is $37.78. The firm has a market cap of $3.31 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.43 and a beta of 0.92.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.48 dividend on an annualized basis and a yield of 2.88%. This is an increase from Victory Capital's previous quarterly dividend of $0.34. Victory Capital's dividend payout ratio is presently 41.10%.

Analyst Upgrades and Downgrades

VCTR has been the topic of a number of analyst reports. UBS Group raised their price target on Victory Capital from $37.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday. Royal Bank of Canada upped their target price on shares of Victory Capital from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley lifted their price target on shares of Victory Capital from $30.00 to $32.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $57.00 price objective (up previously from $55.00) on shares of Victory Capital in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has an average rating of "Hold" and a consensus target price of $48.57.

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.