PNC Financial Services Group Inc. Raises Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

PNC Financial Services Group Inc. raised its stake in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 650.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,948 shares of the company’s stock after purchasing an additional 7,756 shares during the period. PNC Financial Services Group Inc.’s holdings in Victory Capital were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VCTR. Principal Securities Inc. lifted its stake in shares of Victory Capital by 35.2% during the 4th quarter. Principal Securities Inc. now owns 603 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Victory Capital during the 4th quarter worth approximately $43,000. Quantbot Technologies LP bought a new stake in shares of Victory Capital during the 3rd quarter worth approximately $72,000. FMR LLC lifted its stake in shares of Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Victory Capital by 33.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock worth $105,000 after acquiring an additional 482 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Victory Capital Stock Performance

Shares of VCTR stock opened at $58.89 on Wednesday. The stock has a market cap of $3.75 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The business has a 50-day simple moving average of $64.04 and a 200-day simple moving average of $62.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital Holdings, Inc. has a 52-week low of $39.98 and a 52-week high of $73.42.

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

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 3.19%. The ex-dividend date was Tuesday, February 18th. Victory Capital’s payout ratio is 43.02%.

Analyst Ratings Changes

VCTR has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on 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 raised their price objective on Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. B. Riley restated a “neutral” rating and set a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on Victory Capital from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.