Principal Financial Group Inc. Has $18.18 Million Stock Position in Victory Capital Holdings, Inc. $VCTR

Principal Financial Group Inc. boosted its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 8,812.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 280,646 shares of the company’s stock after buying an additional 277,497 shares during the quarter. Principal Financial Group Inc.’s holdings in Victory Capital were worth $18,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Victory Capital by 2,131.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 424 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. CWM LLC lifted its holdings in Victory Capital by 29.0% in the third quarter. CWM LLC now owns 973 shares of the company’s stock valued at $63,000 after buying an additional 219 shares during the period. AdvisorNet Financial Inc acquired a new position in Victory Capital in the third quarter valued at approximately $65,000. Quantbot Technologies LP grew its holdings in Victory Capital by 206.0% during the 2nd quarter. Quantbot Technologies LP now owns 1,224 shares of the company’s stock worth $78,000 after acquiring an additional 824 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Victory Capital by 25.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,882 shares of the company’s stock worth $122,000 after acquiring an additional 378 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Stock Performance

Shares of VCTR opened at $71.25 on Monday. The firm has a market cap of $4.63 billion, a P/E ratio of 17.51, a PEG ratio of 0.71 and a beta of 1.05. Victory Capital Holdings, Inc. has a twelve month low of $47.00 and a twelve month high of $74.32. The firm’s 50 day moving average price is $65.95 and its two-hundred day moving average price is $66.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.47.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 21.86% and a net margin of 25.27%.The firm had revenue of $374.12 million during the quarter, compared to analysts’ expectations of $371.09 million. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue was up 61.0% on a year-over-year basis. On average, analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.96 annualized dividend and a yield of 2.8%. Victory Capital’s payout ratio is presently 48.16%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Morgan Stanley decreased their target price on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a research report on Wednesday, January 21st. Zacks Research cut shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Barclays set a $69.00 target price on shares of Victory Capital in a report on Friday. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.11.

Victory Capital 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.