Lazard (LAZ) Hurt by Advisory Revenues, Rising Net Outflows [Yahoo! Finance]
Artisan Partners Asset Management Inc. Class A (APAM)
Last artisan partners asset management inc. class a earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
This, along with unsustainable capital distributions, is a concern. Nonetheless, cost-containment measures and solid asset under management (AUM) balance offer some support. The over-dependence on financial advisory revenues could affect Lazard's top-line growth to some extent. Financial Advisory revenues contributed 55.6% to the company's total operating revenues in 2023. We estimate the segment to contribute 54.4% to total revenues in the current year. The metric declined 7.1% and 17.9% in 2022 and 2023, respectively, signaling weakness in the segment's revenue generation capacity. Particularly, the muted global mergers and acquisitions deal value and volumes, as well as a slump in capital market activities, affected growth in the company's financial advisory revenues. It is anticipated that Lazard will continue to rely on financial advisory fees for a substantial portion of its revenues in the foreseeable future. Though Lazard's net outflows decreased in 2023, the company had
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APAM
News
- Artisan Partners Asset Management Inc. (NYSE:APAM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Investors in Artisan Partners Asset Management (NYSE:APAM) have seen strong returns of 138% over the past five years [Yahoo! Finance]Yahoo! Finance
- Artisan Partners Asset Management Inc. Reports 1Q24 Results [Yahoo! Finance]Yahoo! Finance
- Artisan Partners Asset Management Inc. Reports 1Q24 ResultsGlobeNewswire
- How to Find Strong Buy Finance Stocks Using the Zacks Rank [Yahoo! Finance]Yahoo! Finance
APAM
Earnings
- 4/23/24 - Miss
APAM
Sec Filings
- 4/26/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/9/24 - Form 8-K
- APAM's page on the SEC website