PFG Advisors Buys Shares of 5,673 Victory Capital Holdings, Inc. (NASDAQ:VCTR)

PFG Advisors bought a new stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 5,673 shares of the company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Securities Inc. grew its holdings in shares of Victory Capital by 35.2% in the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Victory Capital in the 4th quarter valued at $43,000. Quantbot Technologies LP acquired a new position in shares of Victory Capital in the 3rd quarter valued at $72,000. FMR LLC grew its holdings in shares of Victory Capital by 18.1% in the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in shares of Victory Capital by 33.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after buying an additional 482 shares during the period. Institutional investors own 87.71% of the company’s stock.

Victory Capital Trading Up 2.4 %

Shares of NASDAQ:VCTR opened at $57.97 on Friday. The company’s 50-day moving average price is $64.15 and its two-hundred day moving average price is $62.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a one year low of $39.38 and a one year high of $73.42. The stock has a market capitalization of $3.69 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. On average, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Victory Capital’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. Victory Capital’s dividend payout ratio is presently 43.02%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of several research analyst reports. B. Riley reissued a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Victory Capital from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Morgan Stanley upped their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. BMO Capital Markets upped their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Barclays upped their target price on shares of Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital has a consensus rating of “Hold” and an average target price 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.