Victory Capital Holdings ( (VCTR) ) has released its Q4 earnings. Here is a breakdown of the information Victory Capital Holdings presented to its investors.
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Victory Capital Holdings, Inc. is a diversified global asset management firm specializing in investment strategies for various clients including institutions and individuals, with a unique business model that combines boutique investment qualities with a centralized operating platform. Victory Capital reported record earnings per share for the fourth quarter and full year of 2024, with significant financial achievements and strategic moves, including a new partnership with Amundi Asset Management S.A.S to enhance its investment capabilities and global distribution reach. Key financial highlights include total client assets of $176.1 billion, a GAAP operating margin of 48.1%, and an adjusted net income per diluted share of $1.45, alongside a 7% increase in the quarterly cash dividend and a new $200 million share repurchase plan. The company also demonstrated strong investment performance, with a significant portion of its assets outperforming benchmarks over various time frames. Looking ahead, Victory Capital remains focused on closing its acquisition of Amundi U.S. business and achieving anticipated expense synergies, while continuing to prioritize serving its clients and enhancing shareholder value.
