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Victory Capital reported a decrease in AUM due to negative market action, which was partially offset by net inflows. The company's revenue increased compared to the same quarter last year, driven by higher average AUM. The Board authorized a new share repurchase plan.
Total Assets Under Management (AUM) of $178.1 billion
Long-term gross flows of $11.0 billion
Long-term net inflows of $3.0 billion
Board authorizes regular $0.25 quarterly cash dividend and a new $100 million share repurchase program
The company did not provide forward guidance in this earnings report.
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