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Victory Capital Reports Strong Q4 and FY Results
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Overview
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Victory Capital Holdings, Inc. reports strong Q4 and FY 2023 results, with a 7.6% increase in AUM to $166.6 billion and a 130 basis points expansion in adjusted EBITDA margin to 50.9%. The company repurchased $243 million in shares, reflecting confidence in its strategic growth initiatives.
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How does Victory Capital's strong financial performance reflect its strategic growth initiatives?
How might the repurchase of $243 million in shares impact the company's future growth and shareholder value?
What factors contributed to the company's expansion in adjusted EBITDA margin?
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