earnings
confidence high
sentiment neutral
materiality 0.70
Artisan Partners Q1 GAAP EPS $0.84; AUM $160.4B; declares $0.61 dividend
Artisan Partners Asset Management Inc.
2024-Q1 EPS reported
$0.84
revenue$264,351,000
- GAAP net income $59.5M ($0.84 diluted EPS) vs $64.8M in Q4 2023; adjusted net income $61.6M ($0.76/share).
- Revenue $264.4M (+6% seq, +13% YoY); operating margin 29.4% GAAP, 30.9% adjusted.
- AUM $160.4B at quarter-end, up 7% seq from $150.2B; driven by $10.8B market gains, offset by $0.5B net outflows.
- Declared $0.61/quarterly variable dividend (~80% of cash generated), payable May 31, 2024, down from $0.68 prior quarter.
- CEO highlighted Credit team 10-yr anniversary; team AUM adds $866M inflows in Q1.