New York State Teachers Retirement System Makes New $33,000 Investment in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

New York State Teachers Retirement System acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,400 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors have also added to or reduced their stakes in VCTR. Strs Ohio bought a new position in shares of Victory Capital in the 2nd quarter worth about $91,000. SG Americas Securities LLC bought a new position in shares of Victory Capital in the 2nd quarter worth about $143,000. Legal & General Group Plc increased its stake in shares of Victory Capital by 37.8% in the 2nd quarter. Legal & General Group Plc now owns 6,361 shares of the company’s stock worth $153,000 after acquiring an additional 1,746 shares in the last quarter. American International Group Inc. bought a new position in shares of Victory Capital in the 2nd quarter worth about $186,000. Finally, Ruane Cunniff & Goldfarb L.P. bought a new position in shares of Victory Capital in the 1st quarter worth about $207,000. 85.95% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

VCTR opened at $29.51 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 7.36 and a beta of 1.18. The company’s 50 day moving average is $28.63 and its 200 day moving average is $27.49. Victory Capital Holdings, Inc. has a 12-month low of $22.22 and a 12-month high of $36.90.

Victory Capital (NASDAQ:VCTR – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.09. The company had revenue of $207.26 million for the quarter, compared to the consensus estimate of $206.64 million. Victory Capital had a net margin of 33.20% and a return on equity of 33.15%. On average, equities research analysts predict that Victory Capital Holdings, Inc. will post 4.45 EPS for the current year.

Victory Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 8th. Victory Capital’s payout ratio is 24.94%.

Insider Buying and Selling

In other news, CEO David Craig Brown purchased 40,000 shares of the stock in a transaction on Thursday, December 15th. The shares were acquired at an average price of $27.01 per share, with a total value of $1,080,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,208,137 shares of the company’s stock, valued at $59,641,780.37. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on VCTR shares. BMO Capital Markets increased their price objective on shares of Victory Capital from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Morgan Stanley cut their price objective on shares of Victory Capital from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Monday, October 3rd. Royal Bank of Canada increased their price objective on shares of Victory Capital from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Piper Sandler cut their price objective on shares of Victory Capital from $29.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, December 19th. Finally, The Goldman Sachs Group raised their price target on shares of Victory Capital from $26.70 to $30.00 and gave the company a “buy” rating in a report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

About Victory Capital

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Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.