Bank of New York Mellon Corp Trims Stock Position in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of New York Mellon Corp decreased its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,993 shares of the company's stock after selling 13,082 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Victory Capital worth $24,479,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bosun Asset Management LLC boosted its position in shares of Victory Capital by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 13,016 shares of the company's stock worth $852,000 after purchasing an additional 176 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Victory Capital by 4.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,585 shares of the company's stock worth $366,000 after purchasing an additional 218 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Victory Capital by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,303 shares of the company's stock worth $282,000 after purchasing an additional 273 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Victory Capital by 0.4% in the 1st quarter. Moody National Bank Trust Division now owns 81,175 shares of the company's stock worth $4,698,000 after purchasing an additional 291 shares in the last quarter. Finally, Vista Finance LLC boosted its position in shares of Victory Capital by 7.0% in the 1st quarter. Vista Finance LLC now owns 6,286 shares of the company's stock worth $364,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VCTR. B. Riley raised their price objective on Victory Capital from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada raised their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Wall Street Zen cut Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays lifted their price target on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Victory Capital has a consensus rating of "Moderate Buy" and a consensus price target of $72.22.

Victory Capital Stock Performance

VCTR traded down $2.09 on Friday, reaching $68.88. 1,255,295 shares of the stock were exchanged, compared to its average volume of 380,614. The company's 50-day moving average price is $63.47 and its 200 day moving average price is $62.09. The firm has a market capitalization of $4.63 billion, a PE ratio of 15.34, a PEG ratio of 0.77 and a beta of 1.03. Victory Capital Holdings, Inc. has a fifty-two week low of $43.82 and a fifty-two week high of $73.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.09.

Victory Capital (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The company had revenue of $219.60 million for the quarter, compared to analysts' expectations of $226.38 million. Victory Capital had a net margin of 32.90% and a return on equity of 30.28%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, sell-side analysts forecast 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 Wednesday, June 25th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is presently 43.65%.

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.