Bank of New York Mellon Corp Sells 132,990 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of New York Mellon Corp lowered its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 436,075 shares of the company's stock after selling 132,990 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of Victory Capital worth $28,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. FMR LLC increased its holdings in shares of Victory Capital by 18.1% during the third quarter. FMR LLC now owns 1,341 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Victory Capital by 4.2% during the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company's stock valued at $520,000 after acquiring an additional 377 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Victory Capital by 367.5% during the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company's stock valued at $32,000 after acquiring an additional 452 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Victory Capital by 33.9% during the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company's stock valued at $105,000 after acquiring an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

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Victory Capital Stock Performance

Shares of Victory Capital stock traded up $0.67 during trading hours on Friday, reaching $58.49. 337,992 shares of the stock traded hands, compared to its average volume of 298,870. The company has a 50 day moving average price of $65.04 and a 200 day moving average price of $62.07. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.55 and a beta of 0.90. Victory Capital Holdings, Inc. has a one year low of $39.26 and a one year high of $73.42. 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 (NASDAQ:VCTR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts expect that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, February 18th. Victory Capital's payout ratio is presently 43.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VCTR shares. JPMorgan Chase & Co. raised their price target on Victory Capital from $62.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised their price target on Victory Capital from $61.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. B. Riley reiterated a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Barclays lifted 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. Finally, Morgan Stanley lifted their price objective on Victory Capital from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.