secwatch.observer — SEC 8-K summary
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Issuer:     Artisan Partners Asset Management Inc. (APAM)
CIK:        0001517302
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001517302-22-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APAM Q3 2022 adj EPS $0.70, revenue $234.3M; AUM down 8% QoQ; dividend cut to $0.56
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- GAAP net income $44.2M ($0.65 EPS) vs $86.4M ($1.30) in Q3 2021; adjusted net income $56.4M ($0.70 adjusted share).
- Revenue $234.3M, down 26% YoY primarily on lower average AUM ($120.6B vs $173.6B).
- Net client cash outflows of $1.1B in Q3; $5.4B over trailing 12 months.
- Variable quarterly dividend declared at $0.56 per share, down from $0.60 in prior quarter; payable Nov 30, 2022.
- Refinanced $90M senior notes at 3.10% for additional 10 years; extended $100M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517302/000151730222000073/0001517302-22-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517302/000151730222000073/apam-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001517302-22-000073

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