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Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue increase of 8% compared to 2024, with operating income and adjusted operating income rising by 9% and 12% respectively [4] - Assets under management (AUM) reached an all-time high of $180 billion, up nearly 12% from year-end 2024 [12] - The December 2025 quarter saw revenues of $336 million, marking an 11% increase from the previous quarter and a 13% increase year-over-year [12][16] - Adjusted operating income increased by 23% compared to both the prior quarter and the same quarter last year, with an adjusted operating margin of 40.2% [15] Business Line Data and Key Metrics Changes - The credit platform's AUM grew by 29% year-over-year to $17.9 billion, with net inflows totaling $2.8 billion [8] - The alternatives platform's AUM increased by 20% to $4 billion, driven by strong organic growth [8] - The equity platform experienced outflows of $15.6 billion, primarily from global opportunities and U.S. mid-cap growth strategies, attributed to short-term performance challenges [8] Market Data and Key Metrics Changes - 79% of AUM outperformed benchmarks over a 3-year period, 74% over 5 years, and 92% over 10 years, gross of fees [5] - The Emerging Markets Local Opportunity Strategy in credit generated a return of over 24%, outperforming its benchmark by 527 basis points [6] Company Strategy and Development Direction - The company is focused on expanding its multi-asset class platform while maintaining a high value-added investing philosophy [4] - The acquisition of Grandview Property Partners marks a strategic expansion into alternative investments and private real estate [9][10] - The company aims to leverage its institutional relationships to enhance Grandview's business and expand its investment capabilities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and growing equity businesses despite recent outflows, emphasizing the need for compelling investment performance [8][9] - The company anticipates continued growth in credit and alternatives, with a focus on private credit and secondaries in private equity [28][46] - Management noted that the acquisition of Grandview is expected to be mildly accretive to earnings per share after the closing of its next flagship fund [19] Other Important Information - The board declared a quarterly dividend of $1.01 per share and a special year-end dividend of 57 cents, resulting in a total dividend of $3.87 per share for 2025, an 11% increase from 2024 [18] - The company ended the year with approximately $214 million in cash and a conservative leverage ratio of 0.4 times [17] Q&A Session Summary Question: Regarding Grandview's AUM and accretion guidance - Management explained that AUM was lower due to realizations on properties in Grandview Fund I, which is in the harvesting phase [24] - Fund III had about $150 million in committed assets, and the company is actively pursuing Fund IV, expecting a first close in mid-summer [25][26] Question: On M&A opportunities and market conditions - Management highlighted a focus on private credit and secondaries in private equity, with interest in idiosyncratic opportunities within equity [28] - The company is not exclusively focused on M&A but is open to opportunities that align with its investment philosophy [28] Question: On the international value strategy and recent outflows - Management noted that outflows were primarily due to institutional reductions and not indicative of underlying issues, as the team continues to deliver strong absolute returns [37][38] Question: Interest in non-US strategies and emerging markets - Management indicated a reemergence of emerging markets allocations and success in global franchises, with significant net flows from recent campaigns [41][42][43]

Financial Data and Key Metrics Changes - The company reported a 12% increase in assets under management (AUM) to $180 billion as of December 31, 2025, compared to year-end 2024 [12] - Revenues reached an all-time high of $336 million in the December quarter, up 11% from the previous quarter and up 13% year-over-year [12] - Adjusted operating income increased by 23% compared to both the prior quarter and the same quarter last year, with an adjusted operating margin of 40.2%, improving by 400 basis points from the prior quarter [15] Business Line Data and Key Metrics Changes - The credit platform's AUM grew by 29% year-over-year to $17.9 billion, with net inflows totaling $2.8 billion [8] - The alternatives platform's AUM increased by 20% to $4 billion, driven by strong organic growth [8] - The equity platform experienced outflows of $15.6 billion, primarily from Global Opportunities, U.S. Mid-Cap Growth, and Non-U.S. Small-Mid Growth strategies due to challenging short-term performance [8] Market Data and Key Metrics Changes - The company reported that 79% of AUM outperformed benchmarks over a 3-year period, 74% over 5 years, and 92% over 10 years, gross of fees [5] - The Emerging Markets Local Opportunities Strategy generated a calendar year return of over 24%, outperforming its benchmark by 527 basis points net of fees [6] Company Strategy and Development Direction - The company aims to expand its multi-asset class platform while maintaining a focus on high value-added investing and thoughtful growth [4] - The acquisition of Grandview Property Partners is part of the strategic expansion into alternative investments, establishing a foundation in private real estate [10] - The company plans to leverage its institutional and intermediated wealth relationships to further develop Grandview's business [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and growing equity businesses despite recent outflows, emphasizing the need for differentiated investment performance [9] - The company anticipates continued growth in credit and alternatives, with a focus on expanding capabilities across its platform [10] - Management noted that the acquisition of Grandview is expected to have an immaterial impact on 2026 earnings but will be mildly accretive to earnings per share after the closing of Grandview's next flagship fund [19] Other Important Information - The board declared a quarterly dividend of $1.01 per share and a year-end special dividend of 57 cents, resulting in a total dividend of $3.87 per share for 2025, representing a 98% payout ratio relative to adjusted earnings [18] - The company ended the year with approximately $214 million in cash and a conservatively leveraged capital structure at approximately 0.4x leverage [17] Q&A Session Summary Question: Regarding Grandview's AUM and accretion guidance - Management explained that the AUM was lower due to realizations on properties in the Grandview Fund I, which is in the harvesting phase [24] - Fund III had about $150 million in committed assets, and management expects Fund IV to be significantly larger, with a first close anticipated in early to mid-summer [25][26] Question: On the International Value Strategy and recent outflows - Management indicated that outflows were primarily due to institutional reductions and not indicative of underlying issues, as the strategy continues to deliver strong absolute returns [37][38] Question: Interest in non-U.S. strategies - Management highlighted a reemergence of emerging markets allocations and strong performance in global strategies, with expectations for continued engagement in international markets [41][42][43] Question: Institutional demand by region - Management noted challenges in Europe due to regulatory changes and short-term performance but sees favorable opportunities in the U.S. marketplace, particularly in emerging markets and credit franchises [49][50]

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue increase of 8% compared to 2024, with operating income and adjusted operating income rising by 9% and 12% respectively [4] - Assets under management (AUM) reached an all-time high of $180 billion, up nearly 12% from the previous year [6][11] - The December 2025 quarter saw revenues of $336 million, marking an 11% increase from the previous quarter and a 13% increase year-over-year [11] - Adjusted operating income increased by 23% compared to both the prior quarter and the same quarter last year, with an adjusted operating margin of 40.2% [14] Business Line Data and Key Metrics Changes - The credit platform's AUM grew by 29% year-over-year to $17.9 billion, with net inflows totaling $2.8 billion [7] - The alternatives platform's AUM increased by 20% to $4 billion, driven by strong organic growth [7] - The equity platform experienced outflows of $15.6 billion, primarily due to performance issues in global opportunities and U.S. mid-cap growth strategies [7] Market Data and Key Metrics Changes - Approximately 70% of AUM is from non-U.S. markets, with a noted reemergence of emerging markets allocations expected [40] - The company raised over $1 billion in net flows from emerging markets strategies within a short campaign period [40] - The global equity strategy produced a 47% return, contributing to strong performance in international markets [41] Company Strategy and Development Direction - The acquisition of Grandview Property Partners marks a strategic expansion into alternative investments and private real estate [9] - The company aims to leverage its institutional relationships to enhance Grandview's business and expand its investment capabilities [9] - The focus remains on maintaining and growing AUM in public equities through differentiated investment performance and effective client service [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and growing equity businesses despite recent outflows, emphasizing the need for compelling investment performance [8] - The company anticipates continued growth in credit and alternatives, with Grandview expected to play a significant role in this expansion [45] - Management highlighted a disciplined allocation of resources and capital as key to compounding wealth for clients and shareholders over the long term [19] Other Important Information - The board declared a quarterly dividend of $1.01 per share and a year-end special dividend of $0.57, reflecting a 98% payout ratio relative to adjusted earnings [17] - The company ended the year with approximately $214 million in cash and a conservative leverage ratio of 0.4 times [16] Q&A Session Summary Question: Clarification on AUM levels and Grandview fund timeline - Management explained that AUM was impacted by realizations on properties in Grandview Fund I, which is in the harvesting phase [23] - Fund III had about $150 million in committed assets, with expectations for Fund IV to be significantly larger, aiming for a first close in early to mid-summer [24] Question: Insights on M&A opportunities - Management noted a focus on talent-driven outcomes rather than exclusively on M&A, with interest in private credit and private equity secondaries [27] - The company is engaged in discussions with potential partners and is optimistic about off-market transactions [29] Question: Demand for international value strategy amidst outflows - Management indicated that outflows are primarily due to institutional reallocations rather than underlying issues with the strategy [35] - They expect some continued rebalancing in the first quarter due to strong global market performance [36] Question: Interest in non-U.S. strategies - Management highlighted opportunities in emerging markets and global strategies, with significant net flows observed in recent campaigns [40] - They noted ongoing interest in credit solutions and alternatives, particularly through the Grandview acquisition [45]

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Artisan Partners Asset Management Business Update and Fourth Quarter 2025 Earnings Presentation Business Philosophy & Approach Artisan has built its business based upon a consistent philosophy and business model High Value-Added Investment Firm Talent-Driven Business Model Thoughtful Growth ARTISAN PARTNERS ASSET MANAGEMENT 2 ▪ Active Strategies ▪ Autonomous Franchises ▪ Process-Driven Results ▪ Designed for Investment Talent to Thrive ▪ Managed by Business Professionals ▪ Structured to Align Interests ▪ Ac ...

Financial Performance - Artisan Partners reported a revenue increase of 8% in 2025 compared to 2024, reaching $1,196.7 million[10]. - Adjusted operating income rose by 12% to $422.6 million, with an adjusted operating margin of 35.3%[10]. - Total revenues for the three months ended December 31, 2025, were $335.5 million, an increase from $301.3 million in the previous quarter and $297.0 million year-over-year[33]. - Management fees from Artisan Funds & Artisan Global Funds reached $195.0 million, up from $192.5 million in the previous quarter and $178.4 million year-over-year[33]. - Performance fees for the quarter were $29.1 million, compared to $14.7 million in the same quarter last year[33]. - Operating income for the three months ended December 31, 2025, was $131.5 million, an increase from $101.8 million in the previous quarter and $109.1 million year-over-year[33]. - Net income attributable to Artisan Partners Asset Management Inc. was $94.8 million, compared to $66.8 million in the previous quarter and $69.7 million year-over-year[33]. - Basic earnings per share for Class A common shares were $1.32, up from $0.93 in the previous quarter and $0.97 year-over-year[33]. - Total operating expenses for the quarter were $204.0 million, compared to $199.5 million in the previous quarter and $187.9 million year-over-year[33]. - Adjusted net income (Non-GAAP) for Q4 2025 was $102.2 million, compared to $82.7 million in Q3 2025, reflecting a 23.5% growth[35]. - Adjusted EBITDA (Non-GAAP) for Q4 2025 reached $139.9 million, an increase from $114.4 million in Q3 2025, marking a 22.3% rise[35]. - Operating income (GAAP) for Q4 2025 was $131.5 million, compared to $101.8 million in Q3 2025, indicating a 29.2% increase[35]. - Adjusted operating margin (Non-GAAP) improved to 40.2% in Q4 2025 from 36.2% in Q3 2025[35]. Assets Under Management (AUM) - The company achieved a 12% growth in assets under management (AUM), totaling $179.9 billion at the end of 2025[10]. - Total assets as of December 31, 2025, were $1,577.3 million, a decrease from $1,618.8 million as of December 31, 2024[44]. - Assets under management decreased to $179.928 billion from $181.306 billion, reflecting a decline of approximately 0.76%[46]. - The average assets under management for the quarter were $180.889 billion, slightly down from the previous quarter's $181.306 billion[46]. - The ending assets under management for the quarter were $161.208 billion, down from $167.840 billion, indicating a decrease of approximately 3.99%[47]. - As of December 31, 2025, Artisan Partners reported total assets under management (AUM) of $179,928 million, an increase from $161,208 million at the end of 2024, representing a growth of approximately 11.6%[54]. - The average AUM for 2025 was reported at $173,004 million, compared to $160,232 million in 2024, indicating a year-over-year increase of about 7.9%[54]. Client Cash Flows - Artisan Partners experienced $12.7 billion in aggregate net outflows, primarily from three growth-oriented equity strategies[5]. - The firm generated net client cash inflows of $3.3 billion, with organic growth at 22%[4]. - Gross client cash inflows totaled $7.703 billion, while gross client cash outflows were $13.333 billion, resulting in a net cash flow of -$5.630 billion[46]. - The company experienced a net client cash flow of -$2.329 billion for the previous quarter, highlighting challenges in client retention[47]. - Gross client cash inflows for the three months ended December 31, 2025, were $7,703 million, compared to $6,084 million for the previous quarter[50]. - Net client cash flows for the three months ended December 31, 2025, were negative at $(5,630) million, reflecting a decrease from $(2,329) million in the prior quarter[50]. - The company reported a total of $39,696 million in gross client cash outflows for the year ended December 31, 2025[52]. Strategic Initiatives - Artisan Partners announced the acquisition of Grandview Property Partners, enhancing its strategic expansion into alternative investments[2]. - The company anticipates continued strong organic growth in 2026, leveraging new capabilities in alternative investments[7]. - Artisan Partners continues to focus on attracting experienced investment professionals to manage client assets across diverse investment strategies[30]. Investment Performance - Six equity strategies outperformed their respective indices by over 500 basis points net of fees in 2025[6]. - The Global Opportunities Strategy had an AUM of $16,537 million with a 1-year return of 10.14% and a 3-year return of 16.73%[57]. - The Non-U.S. Growth Strategy reported an AUM of $15,475 million with a 1-year return of 37.93% and a 3-year return of 21.19%[57]. - The Global Value Strategy had an AUM of $36,280 million, achieving a 1-year return of 35.45% and a 3-year return of 24.71%[57]. - The Sustainable Emerging Markets Strategy had an AUM of $2,537 million with a 1-year return of 43.91%[57]. - Antero Peak Strategy achieved a return of 21.80% since inception on May 1, 2017[59]. - Emerging Markets Local Opportunities Strategy reported a return of 25.39% since inception on August 1, 2022[59]. - Non-U.S. Small-Mid Growth Strategy delivered a return of 19.78% since inception on January 1, 2019[59]. - Global Unconstrained Strategy had a return of 12.79% since inception on April 1, 2022[59]. - Emerging Markets Debt Opportunities Strategy achieved a return of 16.77% since inception on May 1, 2022[59]. - MSCI Emerging Markets Index showed a return of 33.57%[59]. - J.P. Morgan GBI-EM Global Diversified Index reported a return of 19.26%[59]. - Approximately 18% of assets under management are maintained in separate composites due to client-imposed restrictions[59].

MILWAUKEE, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the quarter and year ended December 31, 2025 and declared a quarterly and special annual dividend. The full earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on February 4, 2026 at 1:00 p.m. (Eastern Time) to discuss these results. Hosting the call will be Jason Got ...

Artisan Partners Asset Management Inc. (NYSE:APAM) is included among the 13 Dividend Stocks with Over 8% Yield. TD Cowen Stays Selective on Asset Managers, Keeps Hold on Artisan Partners (APAM) Photo by Annie Spratt on Unsplash On January 14, TD Cowen cut its price target on Artisan Partners Asset Management Inc. (NYSE:APAM) to $40 from $46 and kept a Hold rating on the stock. The firm said its broader view still leans most positively toward traditional asset managers, though with a narrower focus on hi ...

MILWAUKEE, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) will report its fourth quarter 2025 financial results and information relating to its quarterly dividend on February 3, 2026 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer and President Jason Gottlieb and Chief Financial Offic ...