Bank of New York Mellon Corp Has $28.55 Million Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Bank of New York Mellon Corp trimmed its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 hedge funds have also recently bought and sold shares of VCTR. Principal Securities Inc. grew its position in shares of Victory Capital by 35.2% in the fourth quarter. Principal Securities Inc. now owns 603 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. FMR LLC grew its position in shares of Victory Capital by 18.1% in the third quarter. FMR LLC now owns 1,341 shares of the company’s stock valued at $74,000 after purchasing an additional 206 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Victory Capital by 4.2% in the third quarter. HighTower Advisors LLC now owns 9,351 shares of the company’s stock valued at $520,000 after purchasing an additional 377 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Victory Capital by 367.5% in the third quarter. Farther Finance Advisors LLC now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 452 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Victory Capital by 33.9% in the third quarter. TD Private Client Wealth LLC now owns 1,903 shares of the company’s stock valued at $105,000 after buying an additional 482 shares during the period. 87.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VCTR. Royal Bank of Canada increased their target price on shares of Victory Capital from $61.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. B. Riley reiterated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. The Goldman Sachs Group increased their target price on shares of Victory Capital from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley increased their target price on shares of Victory Capital from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets increased their target price on shares of Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Victory Capital has a consensus rating of “Hold” and a consensus target price of $68.33.

Victory Capital Trading Up 1.2 %

Shares of NASDAQ VCTR opened at $58.49 on Friday. The company’s fifty day moving average is $65.04 and its 200-day moving average is $62.00. The stock has a market cap 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 twelve month low of $39.26 and a twelve month 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) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. Equities research analysts predict that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

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

Victory Capital 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.