APAM
Artisan Partners Asset Management Inc.41.58
+0.10+0.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Non-US demand details, distribution push
Q&A unpacked robust non-U.S. demand across global mandates, Yockey's franchise strategy, and revitalized EM equity/credit, fueled by outsized performance and peer portfolio shifts putting money in motion. Management detailed distribution overhaul—sales comp realignment, doubled intermediate wealth field force, UK/Middle East pushes, and a late-August EM campaign yielding $400 million gross inflows—to counter flattish gross flows. M&A pipeline focuses on non-transformative real estate externally and private credit internally. Outflows mainly from performance-triggered intermediate wealth rebalancing—a high-class problem—and one small Australian termination. Expenses affirm mid-single-digit 2025 growth. Confident tone on green shoots; investors eye flow momentum and talent execution.
Key Stats
Market Cap
2.93BP/E (TTM)
11.21Basic EPS (TTM)
3.71Dividend Yield
0.08%Recent Filings
8-K
Acquisition closed, board expanded
Artisan Partners closed its acquisition of Grandview Property Partners on January 2, 2026, expanding its offerings. The board added Clarence Kane Brenan, ex-Goldman Sachs partner and TIFF CEO, to its ranks on January 9, appointing him to the Compensation Committee. Preliminary AUM hit $179.9 billion as of December 31, 2025, post $640 million distributions. New blood bolsters governance.
8-K
November AUM at $180.8B
Artisan Partners reported preliminary AUM of $180.8 billion as of November 30, 2025, reflecting $800 million in unreinvested Artisan Funds distributions. AUM splits $87.2 billion in funds and $93.6 billion in separate accounts. A $2.7 billion redemption hit early December from a non-U.S. client. Flows lag market gains.
8-K
Acquires $940M AUM Grandview
Artisan Partners subsidiary signed a definitive agreement on November 16, 2025, to acquire Grandview Property Partners, a real estate PE firm managing $940 million in assets, for upfront cash plus contingent payments tied to future capital raised through 2033. Closing eyed for Q1 2026. Impact immaterial to 2026 results. Mildly accretive to EPS post next fund close. Integration risks loom.
8-K
AUM hits $182.6B
Artisan Partners reported preliminary assets under management of $182.6 billion as of October 31, 2025, up from prior periods though exact changes not disclosed. Artisan Funds and Global Funds held $88.5 billion, separate accounts $94.1 billion. Growth concentrated in International Value at $52.5 billion. Flows drive AUM shifts.
10-Q
Q3 FY2025 results
Artisan Partners posted solid Q3 momentum, with revenues up 8% y/y to $301.3M on 9% higher average AUM, driving operating income up 9% y/y to $101.8M at 33.8% margin (derived). Diluted EPS held steady at $0.93 despite higher taxes from OBBBA rules, reconciling to 65.7M weighted shares. Artisan Funds drove 59% of fees; comp rose 10% y/y on incentives and awards, offset by steady opex. Cash swelled to $300M with $249M YTD operating cash flow; borrowings dipped to $189M after refinancing Series D with Series G notes, revolver fully available. Steady dividends flow. Client outflows persist.
IPO
Employees
Sector
Industry
AAMI
Acadian Asset Management Inc.
47.92+0.26
AB
AllianceBernstein Holding L.P.
39.85-0.07
AMG
Affiliated Managers Group, Inc.
273.15-2.22
APO
Apollo Global Management, Inc.
147.15+0.32
BAKR
Baker Global Asset Management Inc.
6.00+0.00
BAM
Brookfield Asset Management Inc
53.16-0.05
BLK
BlackRock, Inc.
1068.14-14.02
GAM
General American Investors, Inc
58.31-0.20
PAI
Western Asset Investment Grade
12.40-0.11
VRTS
Virtus Investment Partners, Inc
166.59+0.69