Financial Performance - Non-GAAP operating earnings per share were $1.30, or $1.35 after adjusting for notable items[8] - Non-GAAP operating earnings were $421 million, or $434 million adjusted for notable items, a decrease of 3% year-over-year on a per share basis[16] - The company returned $335 million to shareholders, representing an 80% payout ratio[8] Business Segment Highlights - Asset Management operating earnings increased by 19% year-over-year[8] - Retirement saw net inflows of $1.6 billion, driven by strong RILA and Institutional sales[8] - Wealth Management advisory net inflows reached $2.0 billion, supported by 8% year-over-year growth in advisor productivity[8] - AB active net inflows were $2.7 billion, with Private Markets AUM up 20% year-over-year to $75 billion[8] - Protection Solutions experienced an operating loss of $17 million due to excess Individual Life mortality[8] Capital Management and Transactions - The company purchased approximately $760 million of AB Holding units through a tender offer, increasing ownership to approximately 69% effective April 1[8] - The Individual Life transaction with RGA is on track to close mid-2025, freeing over $2 billion of capital[8] - Post-close of the Individual Life transaction, the company plans to execute $500 million of additional share repurchases, above the 60-70% payout ratio target[14] Balance Sheet and Liquidity - The company had $1.1 billion in cash at Holdings after AB and Series B preferred equity tender offers, with a combined NAIC RBC ratio of approximately 425% as of year-end 2024[8]

MILWAUKEE, April 29, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the three months ended March 31, 2025, and declared a quarterly dividend. The full March 2025 quarter earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on April 30, 2025, at 1:00 p.m. (Eastern Time) to discuss its results for the three months ended March 31, 2025. ...

Apollo Global Management, Inc. (APO) is scheduled to announce first-quarter 2025 results on May 2, before market open. APO’s quarterly earnings and revenues are expected to have increased from the year-ago reported levels.In the last reported quarter, Apollo’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in assets under management balances, along with a decline in expenses. However, lower revenues acted as headwinds in the quarter.APO’s earnings beat the consensus ...

AUM Growth and Composition - Total Assets Under Management (AUM) increased from $26.6 billion in 2022 to $31.9 billion in 2024[25] - Fixed income AUM has been a significant driver of overall growth[24], increasing from $2.1 billion in 2022 to $6.2 billion in 2024[25, 35] - The pace of fixed income AUM growth is accelerating, with the time to reach each additional $1 billion in AUM decreasing over time[33] Investment Performance - Diamond Hill's Short Duration Securitized Bond Composite showed net performance of 9.40% for 1 Year, 4.85% for 3 Years, 4.11% for 5 Years, and 4.01% Since Inception (5 Jul 2016)[28] - Diamond Hill's Core Bond Composite showed net performance of 3.58% for 1 Year, -0.81% for 3 Years, 0.89% for 5 Years, and 1.89% Since Inception (5 Jul 2016)[28] - Diamond Hill International Composite net performance was 4.03% for 1 Year, 2.14% for 3 Years, 5.14% for 5 Years, and 8.18% Since Inception (30 Dec 2016)[71] - Diamond Hill Large Cap Strategy outperformed the Russell 1000 Value Index in 61% of 1-year rolling periods, 76% of 3-year rolling periods, 89% of 5-year rolling periods, 95% of 7-year rolling periods, and 100% of 10-year and 15-year rolling periods[65] Market Environment and Equity Strategy Performance - Active equity managers faced headwinds in 2024, with active mutual funds experiencing net outflows of $373 billion[38] - US equity strategies have shown varied alpha versus core and value benchmarks, with a weighted average alpha of -9 bps versus core benchmarks and 156 bps versus value benchmarks over 5 years[58] Financial Performance - The company returned $46.8 million to shareholders in 2024 through dividends and share repurchases[82] - Revenue and average AUM show signs of improvement, with revenue increasing from $33.4 million in Q2 2023 to $39.1 million in Q4 2024[74] - Adjusted net operating profit margins have stabilized in a higher cost environment, reaching 34% in Q4 2024[77, 121] Asset Allocation - Diamond Hill Funds account for $18.05 billion of the total assets, while Institutional SMA represents $3.29 billion[93]

Core Viewpoint - Baron is an asset management firm that specializes in growth equity investment solutions, emphasizing a long-term and fundamental approach to investing [1] Company Overview - Founded in 1982, Baron has established a reputation for its active growth investing strategy [1] - The firm originated as an equity research company, which remains central to its operations [1] Communication Note - The account mentioned is not managed or monitored by Baron Capital, and inquiries should be directed through official channels [1]

Group 1 - Baron is an asset management firm focused on delivering growth equity investment solutions [1] - Founded in 1982, Baron has become known for its long-term, fundamental, active approach to growth investing [1] - Research has remained at the core of Baron's business since its inception as an equity research firm [1]

Core Viewpoint - Analysts expect T. Rowe Price (TROW) to report quarterly earnings of $2.09 per share, reflecting a year-over-year decline of 12.2%, with revenues projected at $1.77 billion, an increase of 1.2% from the previous year [1]. Earnings Estimates - There has been a downward revision of 13.2% in the consensus EPS estimate over the last 30 days, indicating a significant reconsideration by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Revenue Projections - Analysts estimate 'Net revenues- Capital allocation-based income' to be $6.07 million, down 87.1% year-over-year [4]. - 'Net revenues- Administrative, distribution and servicing fees' are expected to reach $142.50 million, a decrease of 4.4% from the prior year [5]. - 'Net revenues- Investment advisory fees' are projected at $1.61 billion, reflecting a year-over-year increase of 3.3% [5]. - 'Net revenues- Investment Advisory Fees- Alternatives' are expected to be $72.05 million, down 2.8% from the previous year [6]. - 'Net revenues- Investment Advisory Fees- Multi-asset' are estimated at $459.77 million, indicating a year-over-year increase of 7% [6]. - 'Net revenues- Investment Advisory Fees- Fixed income, including money market' are forecasted to reach $108.38 million, up 7.7% year-over-year [7]. - 'Net revenues- Investment Advisory Fees- Equity' are expected to be $959.01 million, reflecting a 1% increase from the previous year [7]. Assets Under Management (AUM) - 'Assets Under Management (EOP) - Equity' is estimated at $806.24 billion, up from $770.4 billion in the same quarter last year [8]. - 'Assets Under Management (EOP) - Multi-asset' is projected to be $553.12 billion, compared to $497 billion a year ago [8]. - Total 'Assets Under Management' is expected to reach $1,607.56 billion, an increase from $1,484.4 billion year-over-year [9]. - 'Assets Under Management (EOP) - Fixed income, including money market' is estimated at $195.56 billion, up from $169.5 billion last year [9]. - 'Assets Under Management (EOP) - Alternatives' is projected to be $52.65 billion, compared to $47.5 billion in the previous year [10]. Stock Performance - Over the past month, T. Rowe shares have recorded a return of -3.4%, while the Zacks S&P 500 composite has changed by -0.8% [10]. - Based on its Zacks Rank 4 (Sell), TROW is expected to underperform the overall market in the upcoming period [11].

Core Viewpoint - Baron is an asset management firm that specializes in growth equity investment solutions, emphasizing a long-term and fundamental approach to investing [1] Company Overview - Founded in 1982, Baron has established a reputation for its active growth investing strategy [1] - The firm originated as an equity research company, and research continues to be a fundamental aspect of its operations [1]

Core Insights - Baron is an asset management firm that specializes in growth equity investment solutions [1] - Founded in 1982, Baron is recognized for its long-term, fundamental, and active approach to growth investing [1] - Research has been a fundamental aspect of Baron's business since its inception as an equity research firm [1]