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Artisan U.S. Mid-Cap Growth Strategy Portfolio Management Update
GlobeNewswire News Room· 2024-11-18 17:01
MILWAUKEE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) announced today that Jason White will join Matt Kamm as Co-Lead Portfolio Manager of the U.S. Mid-Cap Growth Strategy, effective January 1, 2025. Jason will serve as Co-Lead Portfolio Manager of the U.S. Mid-Cap Growth Strategy, in addition to his existing role as Lead Portfolio Manager of the Global Discovery Strategy. He will continue in his role as Portfolio Manager of the Growth team’s other two strategies – ...
Artisan Partners(APAM) - 2024 Q3 - Quarterly Report
2024-11-01 21:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 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) Delaw ...
Artisan Partners(APAM) - 2024 Q3 - Earnings Call Transcript
2024-10-30 20:24
Financial Data and Key Metrics Changes - Revenues rose 3% compared to the June quarter and 12% year-over-year, driven by higher average AUM [34][38] - Adjusted operating income increased 12% sequentially and 21% year-over-year [41][43] - Assets under management (AUM) ended the September quarter at $168 billion, up 6% from the previous quarter and up 23% from September 2023 [35] Business Line Data and Key Metrics Changes - Net client cash outflows during the quarter were approximately $750 million, partially offset by an $860 million inflow into the emerging markets debt opportunity strategy [36] - Average AUM for the quarter was up 3% sequentially and 14% year-over-year [36] Market Data and Key Metrics Changes - The non-U.S. institutional business has been strong, with total assets from clients outside the U.S. representing approximately 26% of total AUM [14][58] - Emerging market debt has been a significant contributor to growth, with expectations for continued strength in this area [59] Company Strategy and Development Direction - The company is focused on thoughtful growth, investing in new talent and expanding capabilities while maintaining financial discipline [9][30] - The current phase of growth emphasizes absolute return strategies and aligns with demand from the growing wealth channel [15][22] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of compounding performance and cautious capacity management to drive revenue growth [56] - The company remains optimistic about the institutional business outside the U.S. and sees promising opportunities in emerging markets [59] Other Important Information - The company declared a quarterly dividend of $0.82 per share, reflecting strong growth in earnings [46] - The balance sheet remains strong with $158 million of seed capital in investment products and a $100 million unused revolving credit facility [45] Q&A Session Summary Question: Margin and Expense Outlook - Management indicated that a high percentage of variable expenses allows for margin expansion primarily driven by revenue growth [50] - Fixed expenses have grown rapidly due to investments in new teams, but a pause in this growth is expected [51] Question: International Value Strategy - Management acknowledged that capacity management is crucial, and they are cautious about inflows for mature strategies [56] Question: Non-U.S. Institutional Business - The non-U.S. institutional business has shown positive growth, with emerging market debt strategies contributing significantly [58][59] Question: Seed Capital Needs - The company has sufficient seed capital and is recouping some as strategies gain traction [71] Question: New Product Development - Management is engaged in productive conversations across various asset classes, with a focus on private real estate as a key area of interest [73]
Artisan Partners(APAM) - 2024 Q3 - Quarterly Results
2024-10-29 20:25
Artisan Partners Asset Management Inc. Reports 3Q24 Results Milwaukee, WI - October 29, 2024 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") today reported its results for the three and nine months ended September 30, 2024, and declared a quarterly dividend. Chief Executive Officer Eric Colson said, "Artisan Partners brings together differentiated investment talent, broad opportunity sets, and long-term asset allocation demand. This combination has tremendous powe ...
Artisan Partners(APAM) - 2024 Q2 - Quarterly Report
2024-07-26 20:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 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 4 ...
Artisan Partners(APAM) - 2024 Q2 - Earnings Call Presentation
2024-07-24 20:14
artisan partners asset management Artisan Partners Asset Management BUSINESS UPDATE AND SECOND QUARTER 2024 EARNINGS PRESENTATION BUSINESS PHILOSOPHY & APPROACH | --- | --- | --- | |----------------------------------|------------------------------------------|-----------------------------------| | High Value Added Investment Firm | Talent Driven Business Model | Thoughtful Growth | | Active Strategies | Designed for Investment Talent to Thrive | Active Talent Identification | | Autonomous Franchises | Manag ...
Artisan Partners(APAM) - 2024 Q2 - Earnings Call Transcript
2024-07-24 20:14
Artisan Partners Asset Management Inc. (NYSE:APAM) Q2 2024 Earnings Conference Call July 24, 2024 1:00 PM ET Company Participants Eileen Lee Kwei - Executive Vice President and CAO Eric Colson - Chief Executive Officer Jason Gottlieb - President C.J. Daley - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Bill Katz - TD Cowen Operator Good afternoon. And welcome to the Artisan Partners Second Quarter 2024 Earnings Call. All participants will be in listen-only mode. [Operat ...
Artisan Partners (APAM) Q2 Earnings Miss Estimates on Lower AUM
ZACKS· 2024-07-24 13:40
Artisan Partners Asset Management Inc. (APAM) reported second-quarter 2024 adjusted net income per adjusted share of 82 cents, missing the Zacks Consensus Estimate of 87 cents. The bottom line, however, increased 15% from the prior-year quarter.Results were adversely affected by the declining assets under management (AUM) balance, along with the rising operating costs. Nonetheless, an increase in Global Funds and Separate accounts resulted in top-line growth. Also, the balance sheet position improved in the ...
Artisan Partners Asset Management (APAM) Q2 Earnings Miss Estimates
ZACKS· 2024-07-23 22:40
Artisan Partners Asset Management (APAM) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.75%. A quarter ago, it was expected that this investment management firm would post earnings of $0.79 per share when it actually produced earnings of $0.76, delivering a surprise of -3.80%.Over ...
Artisan Partners(APAM) - 2024 Q2 - Quarterly Results
2024-07-23 20:43
Artisan Partners Asset Management Inc. Reports 2Q24 Results Milwaukee, WI - July 23, 2024 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") today reported its results for the three and six months ended June 30, 2024, and declared a quarterly dividend. Chief Executive Officer Eric Colson said, "Since our founding in 1994, we have focused on areas where we see a combination of investment talent, attractive absolute returns, long-term demand from sophisticated clients, ...