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

Principal Financial Group Inc. boosted its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,830 shares of the company’s stock after acquiring an additional 5,204 shares during the quarter. Principal Financial Group Inc. owned 0.08% of Victory Capital worth $3,458,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in Victory Capital during the 3rd quarter worth $476,000. Raymond James & Associates boosted its stake in Victory Capital by 9.1% during the 3rd quarter. Raymond James & Associates now owns 54,792 shares of the company’s stock worth $3,035,000 after purchasing an additional 4,552 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Victory Capital by 52.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,754 shares of the company’s stock worth $208,000 after purchasing an additional 1,293 shares during the last quarter. US Bancorp DE boosted its stake in Victory Capital by 32.8% during the 3rd quarter. US Bancorp DE now owns 21,560 shares of the company’s stock worth $1,194,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Victory Capital by 367.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays lifted their price target on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, B. Riley reiterated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Victory Capital has an average rating of “Hold” and a consensus price target of $68.33.

Victory Capital Stock Down 5.2 %

Shares of VCTR opened at $59.09 on Wednesday. The firm has a market cap of $3.84 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.55 and a beta of 0.89. Victory Capital Holdings, Inc. has a 12-month low of $38.70 and a 12-month high of $73.42. The company’s 50-day moving average price is $65.66 and its 200 day moving average price is $61.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, sell-side analysts forecast that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be issued a $0.47 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital’s payout ratio is 43.02%.

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.