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

Teacher Retirement System of Texas raised its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 14.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 40,326 shares of the company’s stock after purchasing an additional 5,166 shares during the quarter. Teacher Retirement System of Texas’ holdings in Victory Capital were worth $2,640,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Victory Capital by 113.2% during the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after purchasing an additional 1,051,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Victory Capital during the 4th quarter valued at $17,755,000. TimesSquare Capital Management LLC boosted its stake in shares of Victory Capital by 20.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock worth $63,899,000 after buying an additional 166,265 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock worth $101,949,000 after acquiring an additional 153,459 shares during the period. Finally, Annex Advisory Services LLC increased its position in Victory Capital by 599.7% during the fourth quarter. Annex Advisory Services LLC now owns 173,562 shares of the company’s stock valued at $11,361,000 after acquiring an additional 148,756 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Down 0.4 %

Shares of VCTR stock opened at $62.18 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $41.30 and a one year high of $73.42. The company’s fifty day moving average price is $63.90 and its 200-day moving average price is $62.54. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Sell-side analysts expect that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. Victory Capital’s payout ratio is currently 43.02%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VCTR. 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. Morgan Stanley boosted their target price 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. BMO Capital Markets increased their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Barclays boosted their price objective on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Victory Capital has a consensus rating of “Hold” and an average price target of $68.33.

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.