Artisan Partners Asset Management Inc (NYSE:APAM)
$ 35.57 +0.73 (+2.1%) Market Cap: 2.53 Bil Enterprise Value: 2.66 Bil PE Ratio: 9.01 PB Ratio: 6.49 GF Score: 80/100

Q1 2025 Artisan Partners Asset Management Inc Earnings Call Transcript

Apr 30, 2025 / 05:00 PM GMT
Release Date Price: $36.98 (-1.54%)

Key Points

Positve
  • Artisan Partners Asset Management Inc (APAM) has expanded from 5 investment teams to 11 since 2013, demonstrating growth and diversification.
  • The company has increased its investment strategies from 12 to 27, evolving into a multi-asset class investment platform.
  • APAM's business model allows for automatic adjustment of expenses with changes in AUM, providing stability.
  • The firm has a strong presence in the intermediated wealth channel, accounting for 60% of total AUM.
  • APAM's strategies have shown strong performance, with several achieving significant milestones and outperforming benchmarks.
Negative
  • First quarter results showed a 7% decline in revenues due to the absence of $17 million in performance fees from the previous quarter.
  • Net client cash outflows during the March quarter were approximately $2.8 billion.
  • The company experienced a 19% decrease in adjusted operating income and a 470 basis points drop in adjusted operating margin from the previous quarter.
  • Equity outflows were partially offset by positive flows into fixed income and alternative businesses, indicating challenges in maintaining equity investments.
  • The dividend for the March 2025 quarter declined due to lower cash generation from the absence of performance fees.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

APAM.N - Artisan Partners Asset Management Inc
Q1 2025 Artisan Partners Asset Management Inc Earnings Call
Apr 30, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Artisan Partners asset management business update and first quarter earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchstone phone. To withdraw your question, please press star, then 2. Please note that this event is being recorded.

I would now like to turn the conference over to Brendan Hughes, head of investor relations. Please go ahead.

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