Victory Capital's Q4 adjusted EPS beats estimates

Overview

• Asset management firm's Q4 revenue slightly beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company repurchased over 800,000 shares, returning $93 mln to shareholders

Outlook

• Victory Capital plans to complete remaining $13 mln net expense synergies in 2026

Result Drivers

• HIGHER AUM - Revenue increased 3.6% in Q4 primarily due to higher average AUM over the comparable period

• PIONEER INTEGRATION - Integration of Pioneer Investments achieved $97 mln in net expense synergies by year-end

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy"

• Wall Street's median 12-month price target for Victory Capital Holdings Inc is $68.50, about 0.7% below its February 3 closing price of $69.00

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw3n210Ba

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