earnings
confidence high
sentiment neutral
materiality 0.65
Artisan Partners Q3 2023: EPS $0.76, revenue $248.7M; dividend raised to $0.65
Artisan Partners Asset Management Inc.
2023-Q3 EPS reported
$2.27
revenue$726,134,000
- GAAP diluted EPS $0.76, up from $0.65 YoY; adjusted EPS $0.75 vs $0.70 YoY.
- Revenue $248.7M, up 6% YoY and 2% sequentially; AUM $136.5B, down 5% from Q2.
- Net client cash outflows of $1.3B in Q3; market depreciation of $5.1B.
- Variable quarterly dividend declared at $0.65/share, up from $0.61, payable Nov 30.
- Laurie Simpson elevated to Chief Legal Officer as Sarah Johnson retires.