Principal Financial Group Inc. Has $15.19 Million Holdings in Victory Capital Holdings, Inc. $VCTR

Principal Financial Group Inc. decreased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 21.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,953 shares of the company’s stock after selling 63,192 shares during the quarter. Principal Financial Group Inc.’s holdings in Victory Capital were worth $15,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VCTR. Caitong International Asset Management Co. Ltd increased its holdings in Victory Capital by 19,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Core Wealth Advisors LLC acquired a new position in Victory Capital during the 4th quarter worth about $30,000. Covestor Ltd grew its position in shares of Victory Capital by 99.7% in the 4th quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $42,000 after buying an additional 334 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Victory Capital by 48.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 753 shares of the company’s stock valued at $48,000 after buying an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Victory Capital by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the company’s stock valued at $54,000 after buying an additional 511 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCTR has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Victory Capital from $95.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on shares of Victory Capital in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Zacks Research raised shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.14.

Victory Capital Stock Up 0.5%

Shares of Victory Capital stock opened at $96.49 on Friday. Victory Capital Holdings, Inc. has a one year low of $57.03 and a one year high of $102.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $88.37 and its 200 day moving average is $77.38. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.12 and a beta of 1.09.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company’s revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. Equities research analysts anticipate that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a $0.50 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Victory Capital’s dividend payout ratio is 45.05%.

Victory Capital Company 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.