![]() A volatile trend in net outflows over the past years keeps us apprehensive. Our TakeĪ decline in management fees earned and a worsening operating backdrop are major near-term concerns. The total amount will be paid out on May 31 to shareholders of record as of May 17. The company’s board of directors declared a variable first-quarter dividend of 50 cents per share of Class A common stock. Artisan Partners’ debt leverage ratio, calculated in accordance with its loan agreements, was 0.6 as of Mar 31, 2023. Balance Sheet Position ImprovesĬash and cash equivalents were $150.6 million compared with $114.8 million as of Dec 31, 2022. AUM Balance IncreaseĪs of Mar 31, 2023, the ending AUM was $138.5 billion, up 8.3% from the previous quarter, mainly due to lower Artisan funds' distribution not reinvested and a decrease in net client cash outflow.Īverage AUM totaled $135.4 billion, up 6.3% from the prior quarter. Operating income was $68.3 million, down 36.2% year over year. We had projected operating expenses of $161.7 million. The fall was primarily due to lower compensation and benefits and distribution, servicing and marketing costs. Total operating expenses amounted to $166.2 million, down 4.8% year over year. Management fees earned from Separate accounts declined 15.2% to $89.8 million. Management fees earned from the Artisan Funds & Artisan Global Funds fell 17.6% year over year to $144.6 million. ![]() Our estimate for total revenues was $225.6 million. The top line, however, beat the Zacks Consensus Estimate of $229.6 million. Revenues & Expenses Downįirst-quarter revenues were $234.5 million, down 16.7% from the year-ago quarter. Net income attributable to Artisan Partners (GAAP basis) was $50.8 million, down from $65.4 million in the prior-year quarter. However, lower management fees earned from Separate accounts and the Artisan Funds & Artisan Global Funds weighed on the overall top line. Results benefited from a rise in assets under management (AUM), lower expenses and an improved balance sheet position. Our estimate for adjusted net income per adjusted share was 56 cents. The bottom line, however, plunged 35% year over year. ( APAM Quick Quote APAM - Free Report) reported first-quarter 2023 adjusted net income per adjusted share of 64 cents, which surpassed the Zacks Consensus Estimate of 59 cents. Investor Relations Inquiries: 866.632.1770 or Artisan Partners Asset Management Inc.Artisan Partners Asset Management Inc. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Separate account and other AUM includes assets we manage in traditional separate accounts, as well as assets we manage in Artisan-branded collective investment trusts, and in our own private funds.Ģ AUM for certain strategies include the following amounts for which Artisan Partners provides investment models to managed account sponsors (reported on a one-month lag): Artisan Sustainable Emerging Markets $98 millionĪrtisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world. Total Firm Assets Under Management ("AUM")ġ Separate account and other AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds. ![]() PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY 2 ![]() Artisan Funds and Artisan Global Funds accounted for $84.4 billion of total firm AUM, while separate accounts and other AUM 1 accounted for $90.4 billion. (NYSE: APAM) today reported that its preliminary assets under management ("AUM") as of December 31, 2021 totaled $174.8 billion. 11, 2022 (GLOBE NEWSWIRE) - Artisan Partners Asset Management Inc.
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