earnings
confidence high
sentiment neutral
materiality 0.80
Artisan Partners Q2 adjusted EPS $0.94 (+13% YoY); winds down U.S. Value business after $6.4B outflow
Artisan Partners Asset Management Inc.
- Revenue $307.9M (+9% YoY); GAAP EPS $1.11; adjusted EPS $0.94 (+13% YoY).
- AUM record $183.4B; net outflows $10.5B, including $6.4B from U.S. Value team loss of sub-advisory mandate.
- Company winding down U.S. Value strategies (Mid-Cap Value, Value Equity, Value Income); expected largely complete by end of Q3.
- Credit strategies raised $700M net inflows (15% annualized); alternatives $300M (25% annualized); EMsights Capital Group >$5B AUM.
- Quarterly dividend raised to $0.80/share (from $0.77), payable Aug 31, record Aug 17.