earnings
confidence high
sentiment neutral
materiality 0.72
Artisan Partners Q2 GAAP EPS $0.76, AUM $143B, dividend raised to $0.61
Artisan Partners Asset Management Inc.
2023-Q2 EPS reported
$1.50
revenue$477,412,000
- Q2 GAAP net income $53.6M ($0.76/share) up from $44.3M ($0.62) YoY; adjusted net income $57.7M ($0.71) down from $63.2M ($0.79).
- Revenue $242.9M (-3% YoY); GAAP operating margin 31.6% vs 35.2% YoY; adjusted margin 31.9% vs 34.4%.
- Ending AUM $143.0B (+10% YoY); net client outflows $1.1B in Q2; $425M institutional investment in EMsights strategy.
- Declared $0.61 quarterly dividend (up from $0.50), payable Aug 31 to holders of record Aug 17, ~80% of cash generated.
- Fixed income AUM organic growth ~30% annualized YTD; raised over $1B in fixed income AUM in 2023.