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Victory Capital reported record financial results for the quarter ended September 30, 2020. Total AUM increased to $132.7 billion. The company announced the acquisition of THB Asset Management and increased the regular quarterly cash dividend by 17%.
Total Assets Under Management (AUM) of $132.7 billion
GAAP operating margin of 43%
GAAP net income of $0.76 per diluted share
Board authorizes 17% increase in regular quarterly cash dividend
Victory Capital announced the planned acquisition of THB Asset Management, which will be their 10th Investment Franchise.
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