earnings
confidence high
sentiment positive
materiality 0.70
Artisan Partners Q2 adjusted EPS $0.82; declares $0.71 dividend, up from $0.61
Artisan Partners Asset Management Inc.
2024-Q2 EPS reported
$1.66
revenue$535,169,000
- GAAP net income $57.6M ($0.80 diluted EPS); adjusted net income $66.0M ($0.82 per share).
- Revenue $270.8M, up 11% YoY on higher average AUM; operating margin 32.0% GAAP.
- AUM $158.9B, down 1% QoQ but up 11% YoY; net outflows of $1.6B in the quarter.
- Variable quarterly dividend raised to $0.71/share, payable Aug 30 to holders of record Aug 16.
- Onboarded $800M Sustainable EM account in June and $860M EM Debt account in early July.