PFG Advisors Invests $371,000 in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

PFG Advisors acquired a new position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,673 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. increased its stake in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Victory Capital during the fourth quarter worth about $43,000. Quantbot Technologies LP acquired a new stake in Victory Capital during the third quarter worth about $72,000. FMR LLC grew its position in Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after buying an additional 206 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after buying an additional 482 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Victory Capital Stock Performance

NASDAQ:VCTR opened at $57.97 on Friday. Victory Capital Holdings, Inc. has a 1 year low of $39.38 and a 1 year high of $73.42. The firm has a 50 day moving average of $64.15 and a 200-day moving average of $62.10. 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 market capitalization of $3.69 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, sell-side analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, February 18th. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s payout ratio is 43.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley lifted their target price on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. B. Riley reissued a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. Barclays lifted their price objective on Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Five 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 currently has an average rating of “Hold” and an average price target of $68.33.

Victory Capital Company 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.