Artisan Partners Asset Management Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2024, with total revenues reaching $1.11 billion, a 14% increase from $975.1 million in 2023. The firm’s assets under management (AUM) rose to $161.2 billion, up from $150.2 billion the previous year, driven by $15.9 billion in market appreciation, despite experiencing $3.7 billion in net client cash outflows. The average AUM for 2024 was $160.2 billion, reflecting a 15% increase from the prior year.
The company’s operating margin improved to 33.0% in 2024, compared to 31.1% in 2023, while adjusted operating margin also saw an increase to 33.8%. Artisan generated earnings of $3.66 per share, up from $3.19 in the previous year. The firm declared dividends totaling $3.16 per share during 2024, with a quarterly dividend of $0.84 and a special annual dividend of $0.50 announced for early 2025.
Strategically, Artisan Partners has focused on expanding its investment capabilities and enhancing its product offerings. The firm plans to launch a new investment strategy, the Franchise strategy, in the first quarter of 2025. As of December 31, 2024, Artisan managed 25 investment strategies across various asset classes, with approximately 75% of AUM sourced from U.S. clients and 25% from international clients. The firm has also been actively managing its investment capacity, closing certain strategies to new investors to maintain performance integrity.
Operationally, Artisan employed 584 associates as of the end of 2024, with a significant portion dedicated to investment teams. The firm has emphasized diversity, with 42% of U.S. associates identifying as female and 22% as ethnically diverse. The company continues to invest in technology and infrastructure to support its growth and operational efficiency. Looking ahead, Artisan Partners remains committed to its long-term growth strategy, focusing on delivering high value-added investment strategies while navigating the evolving market landscape.
About Artisan Partners Asset Management Inc.
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