Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 22nd:Artisan Partners Asset Management (APAM) : This investment management firm which is focused on providing high-value added, active investment strategies to clients globally, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.0% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.5%, compared with the industry average of 3. ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Pagaya Technologies Ltd. (PGY) : This technology company which builds artificial intelligence infrastructure for the financial ecosystem, has seen the Zacks Consensus Estimate for its current year earnings increasing 50.0% over the last 60 days.Artisan Partners Asset Management (APAM) : This investment management firm which is focused on providing high-value added, active investment strategies to clients globally, has seen the Zacks Con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-35826 Artisan Partners Asset Management Inc. (Exact name of registrant as specified in its charter) Delaware 45-0969585 (State or ot ...

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MILWAUKEE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) today reported that its preliminary assets under management ("AUM") as of January 31, 2024 totaled $150.9 billion. Artisan Funds and Artisan Global Funds accounted for $73.1 billion of total firm AUM, while separate accounts and other AUM1 accounted for $77.8 billion. PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2     As of January 31, 2024 - ($ Millions)  Growth Team  Global Opportunities$        21,658        ...

Financial Data and Key Metrics Changes - Assets under management (AUM) ended Q4 2023 at $150 billion, up 10% from Q3 2023 and up 17% from the previous year [17] - Investment returns contributed $14.6 billion to the increase in AUM in the quarter, with full-year investment returns contributing $27 billion [18] - Revenues in Q4 increased less than 1% sequentially but were up 10% compared to Q4 2022, driven by higher average AUM [19] - Adjusted operating income decreased 9% in 2023 compared to 2022, and adjusted EPS was 7% lower [20] Business Line Data and Key Metrics Changes - The equity business accounted for $137 billion in AUM and approximately $900 million of annual revenue, with eight equity investment teams and 16 strategies [9] - The international value strategy generated 466 basis points of average annual alpha net of fees since inception, managing $41 billion across various clients [10] - The Artisan high income strategy generated an average annual return of 6.18% after fees, ranking number one out of 324 funds in its Lipper category [13] Market Data and Key Metrics Changes - Net client cash outflows during Q4 were $400 million, with $500 million of Artisan funds distributions not reinvested [18] - Average AUM for 2023 was down 2% year-over-year, impacted by industry trends favoring low-fee passive index products [18] Company Strategy and Development Direction - The company emphasizes a long-term investment approach, focusing on high-value-added investing and avoiding short-term results engineering [5][8] - The company is expanding its fixed income and alternatives capabilities, with a focus on building a solid foundation and establishing world-class franchises [14][15] - The company aims to maintain a highly variable expense structure to deliver stable results through market cycles [17] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about long-term investments across equities, fixed income, and alternatives, emphasizing a proven approach across asset classes [16] - The management noted that the financial model is designed to minimize distractions from short-term market volatility, highlighting the importance of their approach during market fluctuations [17] Other Important Information - The company declared a quarterly dividend of $0.68 per share and a special annual dividend of $0.34 per share, resulting in an annual trailing dividend yield of almost 7% [22] - The company approved a long-term incentive award of approximately $60 million, with a new retirement acceleration feature to align interests [23][24] Q&A Session Summary Question: Prospects for the fixed income business - Management highlighted the strong base established in the credit franchise and the expected growth in the EMsights franchise, anticipating meaningful growth after achieving a three-year track record [29][31] Question: Change in long-term incentive awards - Management explained that the change aims to align long-term value creation and provide a path for investment talent to thrive, with elevated expenses expected for the next few years [32][35] Question: Drivers of non-U.S. institutional channel for equities - Management noted early-stage wins in the EMsights team and strong inflows in global operations and global value strategies, particularly from the Middle East [38] Question: Opportunities within equities - Management discussed the potential for modest growth in existing franchises and the importance of being methodical in pursuing top-tier returns [45][47] Question: Balancing reinvestment and payout - Management indicated a commitment to maintaining an 80% variable dividend while also seeding new products for future growth [50] Question: Demand for credit alternative investment strategies - Management expressed confidence in the credit opportunity strategy and the global unconstrained strategy, highlighting favorable returns and potential for growth [55][57] Question: Expansion plans for distribution - Management detailed efforts to optimize the distribution team and enhance sales orientation, including the launch of an alternatives distribution team [60]

Artisan Partners Asset Management BUSINESS UPDATE AND FOURTH QUARTER 2023 EARNINGS PRESENTATION BUSINESS PHILOSOPHY & APPROACH High Value Added Talent Driven Thoughtful Investment Firm Business Model Growth Designed for Investment Active Strategies Active Talent Identification Talent to Thrive Autonomous Franchises Managed by Business Professionals Entrepreneurial Commitment Focus on Long-Term Proven Results Structured to Align Interests Global Demand ...

Core Viewpoint - Artisan Partners Asset Management Inc. reported a solid fourth-quarter performance with adjusted net income per share meeting expectations, although annual adjusted net income showed a decline year over year [1][2]. Financial Performance - Fourth-quarter adjusted net income per share was 78 cents, a 20% increase year over year [1] - Net income attributable to Artisan Partners on a GAAP basis was $64.8 million, up from $52.9 million in the prior year quarter [1] - Total revenues for the fourth quarter were $249 million, reflecting a 10.2% year-over-year increase and surpassing the Zacks Consensus Estimate of $243.8 million [2] - For the full year 2023, revenues decreased by 1.8% to $975.1 million, but still exceeded the consensus estimate of $969.9 million [2] - Total operating expenses rose to $172.6 million, a 10.6% increase year over year, driven by higher costs across all components except operating costs [2][3] Assets Under Management (AUM) - As of December 31, 2023, ending AUM was $150.2 billion, a 10% increase from the previous quarter, primarily due to investment returns [4] - Average AUM totaled $140.3 billion, down 1% from the prior quarter [4] Balance Sheet Position - Cash and cash equivalents increased to $141 million from $114.8 million as of December 31, 2022 [5] - The debt leverage ratio was reported at 0.6x as of December 31, 2023 [5] Dividend Declaration - The board declared a variable fourth-quarter dividend of 68 cents per share and a special dividend of 34 cents per share, payable on February 29 to shareholders of record as of February 15 [6] Industry Context - Other asset managers like BlackRock and Invesco also reported strong earnings, with BlackRock's adjusted earnings at $9.66 per share and Invesco's at 47 cents per share, both exceeding consensus estimates [9]

Core Viewpoint - Artisan Partners Asset Management Inc. reported its financial results for the quarter and year ended December 31, 2023, and declared a quarterly and special annual dividend [1]. Group 1: Financial Results - The company announced its earnings release and investor presentation is available on its website [1]. - A conference call is scheduled for January 31, 2024, to discuss the results, hosted by key executives including the CEO, President, and CFO [2]. Group 2: Company Overview - Artisan Partners is a global investment management firm that offers a wide range of high value-added investment strategies to sophisticated clients worldwide [3]. - The firm has been focused on attracting experienced investment professionals since its establishment in 1994 [3]. - Artisan Partners' investment teams manage a diverse array of strategies across multiple asset classes, accommodating various client mandates [3].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Artisan Partners Asset Management (APAM) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.This investment management firm has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an ...