earnings
confidence high
sentiment positive
materiality 0.75
Artisan Partners Q3 adj EPS $0.92 beats; AUM $167.8B; dividend raised to $0.82
Artisan Partners Asset Management Inc.
2024-Q3 EPS reported
$2.68
revenue$814,751,000
- Q3 GAAP diluted EPS $1.03 vs $0.76 YoY; adjusted EPS $0.92 vs $0.75 YoY; revenue $279.6M (+12% YoY).
- AUM $167.8B (+23% YoY) on $35.5B market returns; net outflows $0.8B in Q3.
- Adjusted operating margin 35.0% (up from 32.5% YoY); GAAP margin 33.3%.
- Declared variable quarterly dividend $0.82/share (vs $0.71 prior Q), payable Nov 29.
- CEO highlights expansion into credit/alternatives; 8 new strategies launched in 5 years.