BNP Paribas Financial Markets Sells 15,731 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

BNP Paribas Financial Markets lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,509 shares of the company's stock after selling 15,731 shares during the quarter. BNP Paribas Financial Markets' holdings in Victory Capital were worth $426,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Victory Capital in the fourth quarter valued at approximately $17,755,000. TimesSquare Capital Management LLC grew its stake in shares of Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after buying an additional 166,265 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock valued at $101,949,000 after buying an additional 153,459 shares in the last quarter. Royce & Associates LP grew its position in shares of Victory Capital by 99.1% in the 4th quarter. Royce & Associates LP now owns 278,683 shares of the company's stock valued at $18,243,000 after acquiring an additional 138,700 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Victory Capital by 966.9% in the 4th quarter. Voya Investment Management LLC now owns 141,799 shares of the company's stock valued at $9,282,000 after acquiring an additional 128,508 shares during the period. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VCTR. Royal Bank of Canada boosted their price objective on Victory Capital from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. UBS Group reduced their price target on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Barclays boosted their target price on shares of Victory Capital from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Wall Street Zen cut shares of Victory Capital from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Bank of America cut their price objective on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Victory Capital presently has a consensus rating of "Moderate Buy" and an average price target of $71.56.

Victory Capital Price Performance

Shares of VCTR stock traded down $0.29 on Friday, reaching $62.13. The company had a trading volume of 23,380 shares, compared to its average volume of 349,489. The stock has a market capitalization of $4.18 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The business's 50-day moving average is $58.73 and its 200 day moving average is $62.74. Victory Capital Holdings, Inc. has a one year low of $43.82 and a one year high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.02). The business had revenue of $219.60 million during the quarter, compared to the consensus estimate of $226.38 million. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. Equities research 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 will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Victory Capital's previous quarterly dividend of $0.47. Victory Capital's dividend payout ratio (DPR) is currently 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.