Teachers Retirement System of The State of Kentucky Takes $865,000 Position in Victory Capital Holdings, Inc. $VCTR

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

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Victory Capital by 8,812.2% in the 3rd quarter. Principal Financial Group Inc. now owns 280,646 shares of the company’s stock worth $18,175,000 after purchasing an additional 277,497 shares during the period. AlphaQuest LLC boosted its stake in shares of Victory Capital by 192.1% during the third quarter. AlphaQuest LLC now owns 21,698 shares of the company’s stock valued at $1,405,000 after purchasing an additional 14,269 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Victory Capital by 4.6% in the third quarter. Annex Advisory Services LLC now owns 544,078 shares of the company’s stock worth $35,234,000 after purchasing an additional 24,050 shares during the last quarter. Aurora Investment Counsel purchased a new position in shares of Victory Capital in the third quarter worth $2,205,000. Finally, Rhumbline Advisers increased its stake in shares of Victory Capital by 93.8% in the third quarter. Rhumbline Advisers now owns 128,360 shares of the company’s stock worth $8,313,000 after buying an additional 62,119 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on VCTR. Barclays set a $69.00 price target on shares of Victory Capital in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Victory Capital from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Victory Capital in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Morgan Stanley cut their target price on 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. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.38.

Victory Capital Stock Performance

Shares of VCTR opened at $69.93 on Friday. The company has a 50-day simple moving average of $70.05 and a two-hundred day simple moving average of $67.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $4.54 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. Victory Capital Holdings, Inc. has a one year low of $47.00 and a one year high of $77.78.

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

Victory Capital Announces Dividend

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

About Victory Capital

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.