Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,626 shares of the company’s stock after acquiring an additional 722 shares during the period. Principal Financial Group Inc. owned 0.07% of Victory Capital worth $2,638,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. CWM LLC raised its position in Victory Capital by 486.2% in the second quarter. CWM LLC now owns 680 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the period. Contravisory Investment Management Inc. raised its holdings in Victory Capital by 53.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock valued at $32,000 after buying an additional 199 shares during the period. Farther Finance Advisors LLC raised its holdings in Victory Capital by 367.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after buying an additional 452 shares during the period. USA Financial Formulas lifted its position in Victory Capital by 157.9% in the third quarter. USA Financial Formulas now owns 1,104 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Victory Capital by 50.7% during the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock worth $68,000 after buying an additional 479 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $68.36 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.58 and a beta of 0.90. The stock’s 50-day moving average is $59.45 and its two-hundred day moving average is $53.80. Victory Capital Holdings, Inc. has a 1-year low of $31.18 and a 1-year high of $70.56.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, December 9th. Victory Capital’s dividend payout ratio is presently 43.78%.

Wall Street Analyst Weigh In

VCTR has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada upped their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price target on Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Barclays raised their target price on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

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.