New York State Teachers Retirement System Has $1.26 Million Holdings in Victory Capital Holdings, Inc. $VCTR

New York State Teachers Retirement System grew its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 418.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,477 shares of the company’s stock after purchasing an additional 15,723 shares during the period. New York State Teachers Retirement System’s holdings in Victory Capital were worth $1,261,000 at the end of the most recent quarter.

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

Victory Capital Trading Up 1.0%

Shares of NASDAQ:VCTR opened at $67.87 on Tuesday. Victory Capital Holdings, Inc. has a 12-month low of $47.00 and a 12-month high of $73.00. The business has a 50 day moving average of $64.08 and a 200-day moving average of $66.26. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.41 billion, a PE ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 1.07.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.03. Victory Capital had a return on equity of 24.23% and a net margin of 25.27%.The business had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $361.14 million. During the same period last year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up 60.1% compared to the same quarter last year. As a group, equities research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were paid a $0.49 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Victory Capital’s dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VCTR shares. Zacks Research cut Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on Victory Capital from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. dropped their price objective on Victory Capital from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Barclays decreased their target price on shares of Victory Capital from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Victory Capital 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.