Victory Capital (NASDAQ:VCTR) Posts Earnings Results

Victory Capital (NASDAQ:VCTR) released its quarterly earnings results on Wednesday. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12, FiscalAI reports. Victory Capital had a net margin of 25.27% and a return on equity of 23.02%. The firm had revenue of $374.12 million for the quarter, compared to analyst estimates of $371.09 million. During the same period in the previous year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year.

Here are the key takeaways from Victory Capital’s conference call:

• Victory Capital surpassed $1 billion in annual revenue for the first time and reported record adjusted EBITDA of $197.5 million and adjusted EPS (with tax benefit) of $1.78, citing a 21% EPS CAGR since its IPO.
• The company completed its strategic partnership with Amundi and integrated Pioneer Investments, reporting $97 million of the targeted $110 million net expense synergies on a run-rate basis and expecting full realization in 2026.
• While AUM reached a record $317 billion and long‑term gross flows hit a quarterly record of $17.1 billion, long‑term net flows were ‑$2.1 billion in Q4 due to one large ~ $1 billion platform redemption and several year‑end reallocations.
• Capital position and shareholder returns strengthened — net leverage fell to 1.0x, the firm held $164 million cash with an undrawn revolver, repurchased $51.6 million of stock in Q4 and returned $366 million to shareholders in 2025.
• ETF platform momentum continued with $1 billion net inflows in the quarter to nearly $19 billion AUM, a ~34 bps average fee, and new intermediary shelf wins and international distribution via Amundi.

Victory Capital Stock Down 1.2%

Victory Capital stock opened at $70.15 on Friday. The company’s 50-day moving average is $65.79 and its 200-day moving average is $66.55. Victory Capital has a fifty-two week low of $47.00 and a fifty-two week high of $74.32. The firm has a market capitalization of $4.55 billion, a PE ratio of 17.23, a P/E/G ratio of 0.71 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26.

Victory Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Victory Capital’s dividend payout ratio (DPR) is 48.16%.

Analysts Set New Price Targets

VCTR has been the subject of a number of research reports. Barclays set a $69.00 target price on Victory Capital in a research note on Friday. Morgan Stanley decreased their price objective on Victory Capital from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Victory Capital from $70.00 to $71.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Victory Capital in a report on Wednesday, January 21st. Finally, Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.11.

Hedge Funds Weigh In On Victory Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brevan Howard Capital Management LP bought a new position in Victory Capital during the third quarter worth $350,000. Entropy Technologies LP grew its stake in shares of Victory Capital by 50.5% in the 3rd quarter. Entropy Technologies LP now owns 6,856 shares of the company’s stock valued at $444,000 after buying an additional 2,300 shares during the period. Victory Capital Management Inc. increased its position in Victory Capital by 26.6% in the 3rd quarter. Victory Capital Management Inc. now owns 7,858 shares of the company’s stock valued at $509,000 after buying an additional 1,652 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Victory Capital by 651.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,674 shares of the company’s stock worth $361,000 after acquiring an additional 4,919 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in Victory Capital in the second quarter valued at approximately $470,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

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.