Victory Capital Holdings, Inc. $VCTR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 495,025 shares of the company’s stock after selling 7,047 shares during the quarter. Bank of New York Mellon Corp’s holdings in Victory Capital were worth $32,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Victory Capital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,814,857 shares of the company’s stock valued at $303,769,000 after buying an additional 73,142 shares during the period. Capital World Investors raised its position in Victory Capital by 4.3% in the fourth quarter. Capital World Investors now owns 3,768,001 shares of the company’s stock worth $237,723,000 after acquiring an additional 155,732 shares in the last quarter. Amundi bought a new stake in Victory Capital in the fourth quarter worth about $192,735,000. State Street Corp lifted its holdings in Victory Capital by 0.5% in the 4th quarter. State Street Corp now owns 1,857,636 shares of the company’s stock valued at $117,198,000 after acquiring an additional 8,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Victory Capital by 7.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,523,324 shares of the company’s stock valued at $98,652,000 after acquiring an additional 102,828 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Victory Capital Price Performance

NASDAQ VCTR opened at $97.20 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Victory Capital Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $102.05. The company has a market cap of $6.08 billion, a PE ratio of 21.89, a PEG ratio of 1.14 and a beta of 1.09. The stock’s 50-day moving average price is $88.61 and its two-hundred day moving average price is $77.60.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. Victory Capital had a net margin of 25.79% and a return on equity of 22.15%. The company had revenue of $387.99 million during the quarter, compared to analysts’ expectations of $364.97 million. During the same period last year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 76.7% on a year-over-year basis. On average, analysts predict that Victory Capital Holdings, Inc. will post 7.38 EPS for the current year.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.50 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Victory Capital’s payout ratio is currently 45.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VCTR. Wall Street Zen raised shares of Victory Capital from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Victory Capital in a research note on Friday, July 17th. Royal Bank Of Canada raised their target price on shares of Victory Capital from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Research upgraded shares of Victory Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley upped their price target on Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.14.

About Victory Capital

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.