13,354 Shares in Victory Capital Holdings, Inc. $VCTR Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,354 shares of the company’s stock, valued at approximately $865,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Victory Capital by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,469 shares of the company’s stock valued at $1,416,000 after purchasing an additional 1,060 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Victory Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,318 shares of the company’s stock worth $21,199,000 after purchasing an additional 5,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Victory Capital by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,285 shares of the company’s stock worth $5,688,000 after buying an additional 9,319 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Victory Capital in the 1st quarter worth approximately $3,747,000. Finally, Intech Investment Management LLC increased its position in Victory Capital by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 20,442 shares of the company’s stock valued at $1,183,000 after buying an additional 3,237 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada raised their price target on Victory Capital from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Barclays set a $69.00 price target on Victory Capital in a research report on Friday, February 6th. Morgan Stanley dropped their price target on shares of Victory Capital from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.38.

Victory Capital Stock Performance

Shares of VCTR opened at $69.93 on Friday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.75 and a beta of 1.04. The business’s fifty day simple moving average is $70.05 and its two-hundred day simple moving average is $67.10. Victory Capital Holdings, Inc. has a 12 month low of $47.00 and a 12 month high of $77.78. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.40.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.12. The firm had revenue of $374.12 million during the quarter, compared to analysts’ expectations of $371.09 million. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The company’s revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. Research analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Victory Capital’s payout ratio is 48.16%.

Victory Capital Company Profile

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.