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

Principal Financial Group Inc. boosted its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,626 shares of the company’s stock after purchasing an additional 722 shares during the quarter. Principal Financial Group Inc.’s holdings in Victory Capital were worth $2,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC boosted its position in shares of Victory Capital by 486.2% during the 2nd quarter. CWM LLC now owns 680 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Victory Capital by 53.2% during the third quarter. Contravisory Investment Management Inc. now owns 573 shares of the company’s stock worth $32,000 after purchasing an additional 199 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Victory Capital by 367.5% during the third 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. USA Financial Formulas boosted its holdings 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 purchasing an additional 676 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Victory Capital by 50.7% in the second quarter. Amalgamated Bank now owns 1,423 shares of the company’s stock valued at $68,000 after purchasing an additional 479 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. BMO Capital Markets upped their price objective on shares of Victory Capital from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Royal Bank of Canada lifted their price target on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group increased their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.67.

Victory Capital Stock Down 0.2 %

Victory Capital stock opened at $68.36 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.58 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $59.45 and a two-hundred day moving average of $53.80. Victory Capital Holdings, Inc. has a twelve month low of $31.18 and a twelve month high of $70.56.

Victory Capital Increases Dividend

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

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.