Shares of Victory Capital VCTR.O rose 5.3% to $105.30.
The asset manager reported second-quarter adjusted net income of $172.2 million, up from $122.5 million a year ago.
As of June 30, Victory Capital had assets under management of $342.5 billion.
Analyst views and year-to-date move
Two of eight analysts rate the stock "strong buy" or "buy" and six rate it "hold"; their median price target is $95, according to data compiled by LSEG.
Including the session's move, the stock is up 66.7% year to date.
Inflows and acquisition target comments
Analysts at Barclays said management is now pointing to a larger pool of potential acquisition targets, with $200 billion-$500 billion of assets under management.
Victory Capital pulled long-term net inflows of $4.2 billion and long-term gross flows of $22.1 billion.
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