Teacher Retirement System of Texas Grows Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Teacher Retirement System of Texas increased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,326 shares of the company’s stock after buying an additional 5,166 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Victory Capital worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VCTR. Franklin Resources Inc. increased its position in shares of Victory Capital by 113.2% in the third quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company’s stock valued at $115,990,000 after acquiring an additional 1,051,459 shares during the period. Bahl & Gaynor Inc. increased its holdings in Victory Capital by 10.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after purchasing an additional 153,459 shares during the period. State Street Corp raised its position in Victory Capital by 6.4% during the 3rd quarter. State Street Corp now owns 1,162,842 shares of the company’s stock valued at $64,421,000 after purchasing an additional 69,654 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Victory Capital by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares during the period. Finally, TimesSquare Capital Management LLC grew its position 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. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VCTR has been the subject of a number of research analyst reports. Barclays raised their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. B. Riley reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Morgan Stanley increased their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.33.

Victory Capital Stock Down 0.4 %

Shares of NASDAQ:VCTR opened at $62.18 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $63.90 and a two-hundred day simple moving average of $62.54. Victory Capital Holdings, Inc. has a 12-month low of $41.30 and a 12-month high of $73.42. The stock 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s dividend payout ratio (DPR) is 43.02%.

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.