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 ...

The market expects Artisan Partners Asset Management (APAM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 30, 2024, might help the stock move higher ...

The current high interest rate environment is expected to keep supporting revenues for the Zacks Investment Management industry stocks. While the continued shift in investor preference toward passive investing has been weighing on margins to an extent, higher rates will continue to provide support in the near term.Despite relatively subdued market volatility, investment managers are expected to witness growth in their assets under management (AUM) balances, driven by overall asset inflows. Thus, firms like ...

One stock that might be an intriguing choice for investors right now is Artisan Partners Asset Management Inc. (APAM) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is ...

MILWAUKEE, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) will report its fourth quarter and full-year 2023 financial results and information relating to its quarterly and special annual dividend on January 30, 2024, 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 Eric Colson, Presiden ...

Group 1 - Artisan Partners Asset Management Inc. will report its fourth quarter and full-year 2023 financial results on January 30, 2024, at approximately 4:30 p.m. (Eastern Time) [1] - A conference call to discuss the results will be hosted by CEO Eric Colson, President Jason Gottlieb, and CFO C.J. Daley on January 31, 2024, at 1:00 p.m. (Eastern Time) [1] - The conference call will be accessible via a live webcast and participants can dial in using provided numbers for both U.S. and international callers [1] Group 2 - Artisan Partners is a global investment management firm established in 1994, focusing on high value-added investment strategies across various asset classes [2] - The firm emphasizes attracting experienced investment professionals to manage client assets through autonomous investment teams [2] - Artisan Partners offers a diverse range of investment strategies through multiple investment vehicles to meet various client mandates [2]