Artisan Partners Asset Management Earnings Call Transcripts
Fiscal Year 2025
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AUM reached a record $180B, with strong investment returns and double-digit growth in credit and alternatives. Equity outflows persisted, but robust performance and the Grandview acquisition support future growth. Dividend yield rose to 9.5%.
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AUM reached a record $181.3B, with strong investment performance and revenue growth driving margin expansion and higher earnings. Net inflows in 14 of 26 strategies offset outflows from large equity strategies, while the firm continues to expand into new asset classes and markets.
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AUM rose 8% to $176B, with strong equity markets and continued fixed income inflows, though net client outflows persisted. Leadership transition completed, and dividend increased 7%.
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Q1 saw a 7% revenue decline and 19% lower adjusted operating income due to the absence of performance fees, but AUM rose to $162 billion with strong market returns. The firm is expanding in the intermediated wealth channel, launching new strategies, and maintaining a strong balance sheet.
Fiscal Year 2024
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Q4 revenues rose 6% sequentially and 19% year-over-year, with AUM at $161 billion and strong performance in fixed income and alternatives. Dividend yield reached 8%, and new strategies are set to hit key milestones in 2025, supporting future growth.
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Q3 saw 3% revenue growth and 12% year-over-year gains, with AUM reaching $168 billion and strong performance in fixed income and alternatives. Dividend payout rose 26% year-over-year, and future growth is focused on expanding capacity and new strategies, especially in private real estate.
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AUM reached $159B, up 11% year-over-year, with strong growth in alternatives and emerging markets. Revenues rose 11% and adjusted net income per share increased 15% year-over-year. Recent large mandates and a robust pipeline support a positive outlook.