Principal Financial Group Inc. Purchases 722 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Principal Financial Group Inc. grew its stake in shares of 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 buying an additional 722 shares during the period. Principal Financial Group Inc.’s holdings in Victory Capital were worth $2,638,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VCTR. World Investment Advisors LLC bought a new stake in shares of Victory Capital in the 3rd quarter worth approximately $918,000. Geode Capital Management LLC raised its holdings in Victory Capital by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,036,725 shares of the company’s stock worth $57,446,000 after buying an additional 101,247 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Victory Capital during the third quarter valued at $565,000. Bank of Montreal Can raised its holdings in shares of Victory Capital by 282.0% during the third quarter. Bank of Montreal Can now owns 43,453 shares of the company’s stock valued at $2,412,000 after purchasing an additional 32,079 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in Victory Capital during the third quarter valued at $7,755,000. Institutional investors own 87.71% of the company’s stock.

Victory Capital Stock Up 0.3 %

Shares of VCTR stock opened at $66.05 on Friday. Victory Capital Holdings, Inc. has a twelve month low of $32.55 and a twelve month high of $73.42. The stock has a market cap of $4.30 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.59 and a beta of 0.89. The stock has a 50 day moving average of $65.60 and a 200 day moving average of $57.16. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, December 9th. Victory Capital’s payout ratio is presently 43.78%.

Analyst Upgrades and Downgrades

VCTR has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. UBS Group upped their price objective on Victory Capital from $49.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barclays upped their target price on shares of Victory Capital from $59.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada boosted their price objective 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and an average target price of $64.67.

Victory Capital Profile

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.