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

Bank of New York Mellon Corp trimmed its holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 495,025 shares of the company’s stock after selling 7,047 shares during the period. Bank of New York Mellon Corp owned about 0.77% of Victory Capital worth $32,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VCTR. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Victory Capital by 9.8% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 56,100 shares of the company’s stock worth $3,668,000 after purchasing an additional 5,000 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Victory Capital by 1,586.1% in the first quarter. Fifth Third Bancorp now owns 22,661 shares of the company’s stock worth $1,484,000 after purchasing an additional 21,317 shares during the period. Moran Wealth Management LLC increased its stake in Victory Capital by 2.9% during the first quarter. Moran Wealth Management LLC now owns 32,415 shares of the company’s stock valued at $2,123,000 after purchasing an additional 912 shares during the last quarter. Strs Ohio acquired a new stake in shares of Victory Capital during the first quarter worth $393,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Victory Capital by 13.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,652 shares of the company’s stock worth $436,000 after buying an additional 781 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VCTR. Morgan Stanley lifted their price target on shares of Victory Capital from $76.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Barclays increased their price objective on shares of Victory Capital from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. 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. The Goldman Sachs Group started coverage on Victory Capital in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $90.00 target price for the company. Finally, Wall Street Zen raised Victory Capital from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Victory Capital currently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Victory Capital Price Performance

Shares of NASDAQ:VCTR opened at $97.20 on Monday. The firm’s 50 day moving average is $88.61 and its two-hundred day moving average is $77.60. The firm has a market capitalization of $6.08 billion, a P/E ratio of 21.89, a PEG ratio of 1.14 and a beta of 1.09. 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 52 week low of $57.03 and a 52 week high of $102.05.

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

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were paid a dividend of $0.50 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 10th. Victory Capital’s dividend payout ratio (DPR) is presently 45.05%.

Victory Capital Company Profile

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.