earnings
confidence high
sentiment positive
materiality 0.75
BrightSphere Q3 GAAP EPS $2.76, completes affiliate sales, Acadian now sole operating business
Acadian Asset Management Inc.
2021-Q3 EPS reported
$9.53
revenue$360,900,000
- GAAP diluted EPS $2.76 (vs $0.46 Q3 2020) on gain on sale; ENI EPS $0.28 (vs $0.30).
- Completed sales of TSW, ICM, and Campbell; Acadian Asset Management becomes sole operating business.
- AUM $113.7B at Sep 30, 2021, down 10.4% from June 30 due to dispositions and market decline.
- Net client cash flows ($0.7)B in Q3; 88% of Acadian's strategies by revenue beat benchmarks over 1-year.
- Expects to pay down $125M retail notes and repurchase >$1B in shares in Q4; quarterly dividend $0.01.