APAM Earnings Prediction
The chart below shows how APAM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, APAM sees a -0.14% change in stock price 10 days leading up to the earnings, and a +1.36% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
APAM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
300.20M
6.70%
-4.74%
Gross Margin
--
--
--
Operating Margin
37.41%
-3.23%
-8.42%
Net Margin
29.18%
-11.52%
-11.74%
EPS
0.97
5.43%
-5.83%
No Data Available
APAM Earnings Analysis
Artisan Partners Asset Management Inc Corporation (APAM.N) Earnings Conference Call
Positive
Investment Strategy Demand: In 2024, 13 of Artisan's 25 investment strategies achieved net inflows, with 10 strategies exceeding $100 million in inflows, demonstrating strong demand across multiple asset classes.
Successful Fixed Income Strategies: The Denver-based credit team raised $1.7 billion of net inflows, while the EMsights Capital Group raised $1.9 billion, collectively managing nearly $15 billion across six strategies, showcasing successful business development in fixed income.
Exceptional Investment Performance: The Developing World strategy generated a cumulative return of 157% since inception, outperforming the MSCI Emerging Markets Index by more than four times, highlighting exceptional investment performance.
Quarterly Revenue Increase: Fourth quarter revenues increased by 6% sequentially and 19% year-over-year, reflecting the strength of the business model and growth in assets under management.
Dividend Increase Announcement: Dividends declared for 2024 totaled $3.48 per share, a 25% increase from 2023, with a special dividend that was 47% larger than the previous year, indicating strong cash generation and commitment to returning capital to shareholders.
Negative
Decline in Assets Under Management: Assets under management decreased by 4% from the previous quarter, ending at $161 billion, indicating a decline in overall investment capacity.
Client Cash Outflows: Net client cash outflows totaled approximately $800 million in the December quarter, contributing to a full-year outflow of $3.7 billion, reflecting challenges in client retention.
Capital Outflows Highlighted: Distributions not reinvested in Artisan funds amounted to $795 million for the quarter and $1.2 billion for the full year, highlighting significant capital leaving the funds.
Rising Operating Expenses: Adjusted operating expenses increased by 11% year-over-year, primarily due to higher incentive compensation, which may indicate rising operational costs without corresponding revenue growth.
Seasonal Expense Increase: The company anticipates a $6 million increase in seasonal expenses for the first quarter of 2025 compared to the fourth quarter of 2024, suggesting potential pressure on profitability in the upcoming quarter.
APAM FAQs
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APAM Earning Call Sentiment
Artisan Partners Asset Management Inc. (NYSE:APAM) Q4 2024 Earnings Call Transcript
APAM.N
-3.92%Positive
The earnings call presents mixed signals: strong financial metrics with increased revenue and dividends, but significant net client cash outflows and reliance on performance fees. The Q&A reveals uncertainty in growth strategies and expense management. The market cap suggests moderate reaction. The positive dividend news is countered by competitive pressures and operational challenges, leading to a neutral outlook.
