Financial Performance - The company's Assets Under Management (AUM) reached $158.9 billion as of June 30, 2024 [22] - Revenues for YTD 2Q24 were $535.2 million, a 12% increase compared to $477.4 million for YTD 2Q23 [24] - Adjusted operating income for YTD 2Q24 was $168.9 million, a 15% increase from $147.5 million in YTD 2Q23 [24] - Adjusted net income per adjusted share for YTD 2Q24 was $1.58, a 16% increase from $1.36 in YTD 2Q23 [24] Asset Allocation and Flows - Equity assets under management totaled $143.9 billion as of June 30, 2024 [22] - Fixed income assets under management totaled $11.7 billion as of June 30, 2024 [22] - Alternative assets under management totaled $3.3 billion as of June 30, 2024 [22] - Net client cash flows for the six months ended June 30, 2024, resulted in an outflow of $2.1 billion [22] Investment Strategies and Performance - Artisan EM Debt Opportunities strategy had a value-added of 724 bps ITD (Inception-to-Date) [4, 15] - Artisan EM Local Opportunities strategy had a value-added of 202 bps ITD [4, 15] - Developing World strategy had a value-added of 611 bps ITD [15] - China Post-Venture strategy had a value-added of 442 bps ITD [15]

Financial Data and Key Metrics Changes - Assets under management (AUM) ended the June quarter at $159 billion, down slightly from the previous quarter but up 11% from June 2023 [20] - Net client cash outflows during the quarter were $1.6 billion, with net outflows in growth and value strategies partially offset by inflows in Sustainable Emerging Markets and Fixed Income strategies [20] - Average AUM for the quarter was up 3% sequentially and up 14% compared to June 2023 [21] - Revenues for the quarter increased by 2% compared to the previous quarter and were up 11% year-over-year [21] - Adjusted net income per adjusted share improved by 8% compared to the previous quarter and 15% compared to June 2023 [22] Business Line Data and Key Metrics Changes - The Emerging Markets Debt Opportunities strategy generated an average annual return of 11.71%, beating its index by an average of 724 basis points annually since inception [10] - The Emerging Markets local opportunities strategy generated an average annual return of 8.01%, beating its index by 202 basis points since inception [10] - All five open-ended Alternative strategies have performed well, with four generating more than 300 basis points of annual outperformance since inception [15] Market Data and Key Metrics Changes - The competitive landscape in Emerging Markets is highly fragmented, with the top 10 funds accounting for just 25% of category AUM as of March 31, 2024 [10] - Institutional interest in Emerging Markets is expected to grow, with significant allocations anticipated as allocators reconsider their strategies [18][44] Company Strategy and Development Direction - The company focuses on high-value-added investing, expanding capabilities by adding breadth to existing investment franchises and onboarding exceptional talent in new areas [6][8] - The strategy includes a strong emphasis on Alternatives and Private Assets, with a commitment to developing new strategies in less liquid and more Alternative spaces [8][15] - The company aims to leverage its established network in the intermediary channel to enhance distribution for Alternative strategies [41] Management's Comments on Operating Environment and Future Outlook - Management believes that Emerging Markets equity and debt will remain meaningful long-term allocations for sophisticated allocators despite recent underperformance [17] - The company is optimistic about the growth potential in Emerging Markets, particularly in the institutional channel, as allocators look to rebalance their portfolios [44] - Management expressed confidence in the business model and philosophy being well-suited for Alternatives talent and strategies, expecting to see continued growth in this area [16] Other Important Information - The company declared a quarterly dividend of $0.71 per share, representing approximately 80% of the cash generated in the quarter [26] - The balance sheet remains strong, with $150 million of seed capital in investment products and a $100 million revolving credit facility that remains unused [25] Q&A Session Summary Question: Discussion on Alternative strategies and fundraising goals - Management expects all strategies in the Alternatives bucket to be active over the next 12 to 18 months, highlighting Global Unconstrained and Credit Opportunities as key areas [28][29] Question: Impact of the $800 million win in Emerging Market Debt on fee rates - The fee rate for the large mandate was competitive, indicating a shift in the marketplace towards high-quality active managers rather than just low fee rates [34] Question: Incremental investment in Alternatives and distribution strategies - The company is evaluating both internal and external opportunities for growth in Alternatives, focusing on talent and diversification [38][40]

Artisan Partners Asset Management Inc. (APAM) reported second-quarter 2024 adjusted net income per adjusted share of 82 cents, missing the Zacks Consensus Estimate of 87 cents. The bottom line, however, increased 15% from the prior-year quarter.Results were adversely affected by the declining assets under management (AUM) balance, along with the rising operating costs. Nonetheless, an increase in Global Funds and Separate accounts resulted in top-line growth. Also, the balance sheet position improved in the ...

分组1 - Artisan Partners Asset Management reported quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.87 per share, but showing an increase from $0.71 per share a year ago, resulting in an earnings surprise of -5.75% [1] - The company posted revenues of $270.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.35% and increasing from $242.9 million year-over-year [1] - Over the last four quarters, Artisan Partners has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [1] 分组2 - The stock has underperformed the market, losing about 3% since the beginning of the year compared to the S&P 500's gain of 16.7% [2] - The current consensus EPS estimate for the coming quarter is $0.93 on revenues of $275.78 million, and for the current fiscal year, it is $3.42 on revenues of $1.08 billion [4] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5]

Artisan Partners Asset Management Inc. Reports 2Q24 Results Milwaukee, WI - July 23, 2024 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") today reported its results for the three and six months ended June 30, 2024, and declared a quarterly dividend. Chief Executive Officer Eric Colson said, "Since our founding in 1994, we have focused on areas where we see a combination of investment talent, attractive absolute returns, long-term demand from sophisticated clients, ...

MILWAUKEE, July 23, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) (the "Company" or "Artisan Partners") today reported its results for the three and six months ended June 30, 2024, and declared a quarterly dividend. The full June 2024 quarter earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on July 24, 2024, at 1:00 p.m. (Eastern Time) to discuss its results for the three and six months ended June ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Artisan Partners Asset Management (APAM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers a ...

MILWAUKEE, July 10, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) today reported that its preliminary assets under management ("AUM") as of June 30, 2024 totaled $158.9 billion. Artisan Funds and Artisan Global Funds accounted for $77.0 billion of total firm AUM, while separate accounts and other AUM1 accounted for $81.9 billion. PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2     As of June 30, 2024 - ($ Millions)  Growth Team  Global Opportunities$        21,531         Glob ...

MILWAUKEE, July 09, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE:APAM) will report its second quarter 2024 financial results and information relating to its quarterly dividend on July 23, 2024 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management's earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial ...