Teacher Retirement System of Texas Sells 7,049 Shares of Victory Capital Holdings, Inc. $VCTR

Teacher Retirement System of Texas cut its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 26.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,421 shares of the company’s stock after selling 7,049 shares during the quarter. Teacher Retirement System of Texas’ holdings in Victory Capital were worth $1,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in Victory Capital by 2,131.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. Maseco LLP bought a new stake in Victory Capital in the 2nd quarter worth about $30,000. Caitong International Asset Management Co. Ltd bought a new stake in Victory Capital in the 1st quarter worth about $41,000. Farther Finance Advisors LLC increased its holdings in Victory Capital by 1,048.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,504 shares of the company’s stock worth $96,000 after buying an additional 1,373 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Victory Capital in the 1st quarter worth about $98,000. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Up 1.6%

VCTR stock opened at $62.49 on Thursday. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $73.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.17 billion, a P/E ratio of 15.43, a PEG ratio of 0.62 and a beta of 1.10. The business’s 50-day moving average price is $66.66 and its 200-day moving average price is $65.36.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The firm had revenue of $351.21 million for the quarter, compared to analysts’ expectations of $348.89 million. During the same period in the previous year, the firm earned $1.31 EPS. The business’s quarterly revenue was up 59.9% on a year-over-year basis. On average, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Wall Street Analyst Weigh In

VCTR has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Victory Capital from $67.00 to $69.00 and gave the stock a “positive” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, October 8th. Barclays reduced their price objective on Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $76.00 price objective on shares of Victory Capital in a report on Tuesday, September 23rd. Finally, Bank of America raised their target price on Victory Capital from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

About Victory Capital

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.