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APAM NYSE· Artisan Partners Asset Management Inc.
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APAM NYSE· Artisan Partners Asset Management Inc.
Earnings report Q4 2023

APAM Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

APAM operates its business in a single segment, therefore, the revenue breakdown is not provided in the report.

Strengths

APAM demonstrated strong revenue growth in the latest quarter. The company's financial performance was driven by favorable global market conditions during the year ended December 31, 2023. This indicates that APAM's investment strategies were successful in generating higher returns for its clients, leading to increased revenue. Additionally, APAM's board of directors declared a variable quarterly dividend of $0.68 per share and a special annual dividend of $0.34 per share, reflecting the company's confidence in its financial position and ability to generate cash.

Challenges

The report does not highlight any specific weaknesses or challenges faced by APAM in the latest quarter. However, it is important to note that APAM's revenue is subject to fluctuations in global market conditions, which could impact its financial performance in the future.

Noteworthy

During the year ended December 31, 2023, certain limited partners of Holdings exchanged common units for shares of Class A common stock. As a result, APAM's equity ownership interest in Holdings increased from 85% to 86%. This indicates that APAM is actively managing its ownership structure and making strategic equity transactions to optimize its financial position.

Summary

APAM reported strong revenue growth in the latest quarter, driven by favorable global market conditions. The company's successful investment strategies and ability to generate cash resulted in increased dividends for shareholders. APAM also demonstrated proactive management of its equity ownership structure. However, it is important to monitor future market conditions and potential challenges that could impact APAM's financial performance.

Source documents

Form 10-K  filed on Feb 22, 2024
45 pages scanned

Reference data

Company financials Q4 revenue 249M
Analyst estimates Q4 EPS beat by 5.05%
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