Financial Performance - Management and advisory fees for FY25 reached $513.9 million, a 14% increase compared to FY24[4] - GAAP net income for FY25 was $217.4 million, a 54% increase compared to FY24[4] - GAAP EPS for FY25 was $5.41, a 47% increase compared to FY24[4] - Adjusted EBITDA for FY25 was $366.1 million, a 34% increase compared to FY24[4] - Incentive fees YTD increased by 95% from $102 million in FY24 to $199 million in FY25[25] - Total revenues YTD increased by 29% from $554 million in FY24 to $713 million in FY25[20] Assets Under Management (AUM) - Assets under management reached $138 billion as of March 31, 2025, an 11% increase compared to March 31, 2024[6] - Fee-earning assets under management reached $72 billion as of March 31, 2025, a 10% increase compared to March 31, 2024[6] - Total assets under advisement (AUA) reached $819.473 billion as of March 31, 2025, a 3% increase compared to March 31, 2024[57] Other Key Items - The company declared a quarterly dividend of $0.54 per share of Class A common stock[5] - Unrealized carried interest as of March 31, 2025, was $1.3 billion diversified across 3,000+ assets and over 110 funds[26]

Core Viewpoint - Analysts expect Victory Capital Holdings (VCTR) to report quarterly earnings of $1.38 per share, reflecting a year-over-year increase of 10.4%, with revenues projected at $226.09 million, up 4.7% from the previous year [1]. Earnings Projections - Over the last 30 days, there has been a downward revision of 1.3% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by analysts of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue and Key Metrics - Analysts forecast 'Revenue- Fund administration and distribution fees' at $48.19 million, a year-over-year increase of 4.6% [5]. - The average prediction for 'Revenue- Investment management fees' is $178.26 million, indicating a 5% increase from the prior-year quarter [5]. - 'Ending Assets Under Management' is expected to reach $197.22 billion, up from $170.34 billion in the same quarter last year [5]. Specific Asset Management Estimates - 'Ending assets under management - Global/Non-U.S. Equity' is projected at $18.33 billion, slightly up from $18.20 billion a year ago [6]. - 'Ending assets under management - Solutions' is expected to be $63.38 billion, compared to $57.83 billion last year [6]. - 'Ending assets under management - U.S. Large Cap Equity' is estimated at $13.10 billion, down from $13.90 billion a year ago [7]. - 'Ending assets under management - U.S. Mid Cap Equity' is projected at $28.96 billion, down from $32.92 billion last year [7]. - 'Ending assets under management - U.S. Small Cap Equity' is expected to be $13.18 billion, down from $16.30 billion [8]. - 'Ending assets under management - Alternative Investments' is projected at $2.95 billion, down from $3.47 billion [8]. - 'Ending assets under management - Money Market/Short-term' is estimated at $3.40 billion, up from $3.25 billion last year [9]. - 'Ending assets under management - Fixed Income' is expected to be $24.16 billion, slightly down from $24.48 billion a year ago [9]. Stock Performance - Shares of Victory Capital have returned +13.5% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [9].

Core Insights - AGF Management Limited reported total assets under management (AUM) and fee-earning assets of $51.3 billion as of April 30, 2025 [1][6]. AUM Summary - Total AUM decreased by 1.6% from $50.0 billion in March 2025 to $49.2 billion in April 2025, but increased by 7.7% compared to $45.7 billion in April 2024 [2]. - Total fee-earning assets remained stable at $2.1 billion, resulting in total AUM and fee-earning assets of $51.3 billion, down 1.5% from $52.1 billion in March 2025 and up 7.3% from $47.8 billion in April 2024 [2]. Mutual Fund AUM by Category - Domestic Equity Funds AUM was $4.3 billion in April 2025, slightly down from $4.4 billion in March 2025 and up from $4.1 billion in April 2024 [3]. - U.S. and International Equity Funds AUM was $18.0 billion, down from $18.1 billion in March 2025 and up from $15.4 billion in April 2024 [3]. - Domestic Fixed Income Funds AUM remained stable at $2.0 billion, up from $1.6 billion in April 2024 [3]. Company Overview - AGF Management Limited, founded in 1957, is an independent and globally diverse asset management firm with operations in North America and Europe [4][6]. - The firm focuses on responsible and sustainable corporate practices, serving a wide range of clients including financial advisors, high-net-worth individuals, and institutional investors [5][6].

For the quarter ended March 2025, T. Rowe Price (TROW) reported revenue of $1.76 billion, up 0.8% over the same period last year. EPS came in at $2.23, compared to $2.38 in the year-ago quarter.The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $1.77 billion. With the consensus EPS estimate being $2.09, the EPS surprise was +6.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Financial Data and Key Metrics Changes - Fundraising in Q1 2025 reached a record $3.2 billion, contributing to a target of $6 billion for the year [6][24] - Fee-related earnings (FRE) were $42.6 million or $0.27 per share, reflecting a 2116% year-over-year growth [6][8] - Assets under management (AUM) grew to $46 billion, a 43% increase year-over-year and over 9% sequentially [10][26] - Distributable earnings were $37 million or $0.23 per share, up 12% year-over-year [8][32] Business Line Data and Key Metrics Changes - Fee-earning AUM increased to $35 billion, a 46% year-over-year growth and 6% sequentially [10][28] - Organic net inflows into fee-earning AUM were over $700 million, representing an annualized organic growth rate of over 8.6% [7][26] - Management fee revenue for Q1 was $77.3 million, up 28% year-over-year, but down 17% sequentially due to seasonal factors [28][29] Market Data and Key Metrics Changes - Approximately 20% of fee-earning AUM were in permanent capital vehicles, which is a key long-term objective [13][22] - Strong demand from Asian sovereign wealth fund investors led to $1 billion in commitments during the quarter [14][15] - Local investors accounted for approximately 17% of fundraising in Q1 2025, indicating a growing interest in alternative investments [22] Company Strategy and Development Direction - The company aims to diversify its investment strategies and product offerings, enhancing resilience against global uncertainties [23][24] - The focus is on organic growth through customized investment accounts and special managed accounts, moving away from a product-centric model [6][12] - The company is positioned to benefit from geopolitical shifts, with a low exposure to U.S. tariffs and a focus on local consumption markets in Latin America [17][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the $6 billion fundraising target despite global uncertainties [24][31] - The company believes Latin America is becoming a more attractive destination for capital, benefiting from low geopolitical risks and strong local consumption [18][39] - Management anticipates that the ongoing trade conflicts may lead to increased foreign direct investment (FDI) in the region [42] Other Important Information - The company has a net debt of approximately $143 million, with a net debt to FRE ratio well below one time [32] - The effective tax rate for the quarter was 9.2%, with expectations to trend towards 10% by 2027 [32] - A quarterly dividend of $0.15 per share was approved for 2025, with intentions to repurchase shares throughout the year [33] Q&A Session Summary Question: How are portfolios positioned regarding higher tariffs in the U.S.? - Management indicated that most investments are Latin America-oriented, with minimal exposure to Mexico, and sectors are resilient and locally driven [37][39] Question: Could Chinese institutions divert allocations from U.S. to LatAm? - Management confirmed that there is increased interest from Asian investors, with significant commitments already made [43][45] Question: Is there potential upside to the $6 billion fundraising target? - Management maintained the $6 billion target but acknowledged the strong start with $3.2 billion raised in Q1 [52][54] Question: Update on integration of M&A completed last year? - Management reported that 2025 is focused on integration, with no major issues encountered and synergies expected to improve margins [70][74] Question: Overview of the $3.5 billion pending fee AUM? - Management stated that most pending AUM will be allocated to infrastructure and GPMS verticals, with an average management fee of 96 basis points expected [78][80]

Business Overview - Artisan Partners' business model is talent-driven and designed for investment talent to thrive [2] - The firm focuses on active strategies and autonomous franchises managed by business professionals [2] - Artisan Partners had 27 investment strategies as of March 31, 2025 [11] Investment Performance - Artisan Partners strategies with greater than 10-year track records show strong average annual returns since inception, net of fees [3, 4] - The Developing World strategy has an inception-to-date average annual net return of 1033% [9] - The Global Unconstrained strategy has an inception-to-date average annual net return of 987% [9] - The Emerging Markets Debt Opportunities strategy has an inception-to-date average annual net return of 1179% [9] - The Emerging Markets Local Opportunities strategy has an inception-to-date average annual net return of 895% [9] Financial Highlights - The company's run-rate revenue is $1124 million as of March 31, 2025 [11] - Assets Under Management (AUM) reached $1624 billion as of 1Q25, a 1% increase from 1Q24 [15, 20] - Net client cash flows were -$28 billion in 1Q25 [17, 20] - The weighted average management fee was 068% as of March 31, 2025 [20] - Adjusted net income per adjusted share was $083 in 1Q25 [26]

Core Viewpoint - Lazard Inc. reported first-quarter 2025 adjusted earnings per share of 56 cents, exceeding the Zacks Consensus Estimate of 27 cents, but down from 66 cents per share in the same quarter last year [1][2] Financial Performance - Net income (GAAP) for Lazard was $60.4 million, a significant increase of 68.9% from the prior-year quarter [2] - Quarterly operating revenues were $643.2 million, reflecting a decline of 13.8% year over year, yet surpassing the Zacks Consensus Estimate of $616 million [3] - Operating expenses decreased to $593.4 million, down 16.4% year over year [4] Segment Performance - Financial Advisory segment adjusted operating revenues were $369.5 million, down 17.3% from the previous year [5] - Asset Management segment adjusted operating revenues decreased to $264.5 million, a decline of 4.1% year over year [5] - Corporate segment adjusted operating revenues were $9.1 million, down 61.9% from the year-ago quarter [5] Assets Under Management (AUM) - As of March 31, 2025, total AUM was $227.4 billion, a decrease of 9.2% from the prior-year quarter [6] - The average AUM in the reported quarter was $230.8 billion, down 6.5% year over year [6] Balance Sheet Position - Cash and cash equivalents totaled $908.6 million, down 30.5% from the prior quarter [7] - Stockholders' equity was $648.6 million, a decrease of 5.3% sequentially [7] Share Repurchase Activity - In the reported quarter, Lazard repurchased 0.8 million shares at an average price of $46.73 per share, with approximately $164 million remaining for future repurchases [9] Strategic Outlook - Increased dependence on advisory revenues and continued net outflows are expected to impact top-line growth [10] - Innovative investment strategies and cost mitigation initiatives are anticipated to support profitability [10]

TORONTO, April 03, 2025 (GLOBE NEWSWIRE) -- AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $52.1 billion as at March 31, 2025. AUM ($ billions)March 31, 2025 February 28, 2025 % Change Month-Over-Month<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vert ...