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MILWAUKEE - Artisan Partners (NYSE:APAM) Asset Management Inc. (NYSE: APAM), a global investment management firm, disclosed its preliminary assets under management (AUM) totaled $167.8 billion as of September 30, 2024. This figure encompasses both the Artisan Funds and Artisan Global Funds, which stand at $81.0 billion, and separate accounts and other AUM, amounting to $86.8 billion.
The firm's growth team strategies, including Global Opportunities and U.S. Mid-Cap Growth, reported AUMs of $22.005 billion and $12.792 billion, respectively. The International Value Team's strategy marked a significant presence with $46.605 billion under management. On the other end of the spectrum, the firm's Value Income and China Post-Venture strategies showed more modest figures at $17 million and $188 million, respectively.
Artisan Partners, established in 1994, has a variety of investment teams that manage a wide range of strategies across different asset classes. These strategies are made available through multiple investment vehicles to suit a diverse client base with varying mandates. The firm prides itself on its experienced and disciplined investment professionals who operate autonomously within the company.
The firm's AUM distribution showcases its diversified approach to investment management, with significant allocations in international and global value strategies as well as growth-oriented funds. The Sustainable Emerging Markets and U.S. Mid-Cap Growth strategies include $97.7 million in aggregate for which Artisan Partners provides investment models to managed account sponsors, a detail reported with a lag not exceeding one quarter.
Investors and interested parties can direct their inquiries to Artisan Partners' investor relations team. The company's latest AUM report is based on a press release statement issued by Artisan Partners Asset Management Inc.
In other recent news, Artisan Partners Asset Management has experienced a series of significant developments. The firm reported an 11% year-over-year increase in assets under management (AUM), totaling $166.2 billion, despite a minor quarterly decrease. This was complemented by an improvement in revenue and adjusted net income per share, as revealed in the firm's Q2 2024 financial results. However, the company's recent disclosure of AUM did not meet the expectations set by TD Cowen's financial model, leading to a maintained Hold rating and steady stock price target of $39.00.
Artisan Partners has been actively seeking expansion opportunities in alternative investments, backed by a robust balance sheet highlighted by $150 million of seed capital and an untouched $100 million credit facility. Despite net outflows in growth and value strategies, the firm remains optimistic about emerging market equities and debt strategies, citing potential institutional allocations. However, TD Cowen has revised downward the adjusted earnings per share estimates for 2024 and 2025, taking into account recent market activities and expectations of tighter margins.
These are among the recent developments at Artisan Partners, a firm that has been serving sophisticated clients with high value-added investment strategies since 1994. As always, investors are advised to monitor Artisan Partners' stock as it reacts to the recent AUM disclosure and the implications it might have on the company's financial health and investor sentiment.
InvestingPro Insights
Artisan Partners Asset Management's recent AUM disclosure aligns with several key financial metrics and trends highlighted by InvestingPro. The company's robust AUM of $167.8 billion as of September 30, 2024, is reflected in its solid financial performance.
According to InvestingPro data, Artisan Partners boasts a market capitalization of $3.43 billion, underpinning its significant presence in the asset management industry. The firm's revenue growth of 10.15% over the last twelve months as of Q2 2024 demonstrates its ability to expand its business, which is crucial for maintaining and growing its AUM.
Notably, Artisan Partners has maintained a strong dividend policy, with an impressive dividend yield of 7.54%. This aligns with an InvestingPro Tip that the company "pays a significant dividend to shareholders." Furthermore, the company has maintained dividend payments for 12 consecutive years, showcasing its commitment to returning value to investors.
The firm's profitability is evident in its operating income margin of 31.26% for the last twelve months as of Q2 2024, indicating efficient management of its diverse investment strategies. This efficiency is crucial for attracting and retaining assets under management.
For investors seeking more comprehensive insights, InvestingPro offers an additional 8 tips for Artisan Partners Asset Management, providing a deeper understanding of the company's financial health and market position.
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