Quarterly ResultMay 4, 2026, 04:48 PM
Artisan Partners Q1 Revenue +9.3% to $303M; EPS $0.76; Acquires Grandview
AI Summary
Artisan Partners reported a 9.3% increase in total revenues to $303.0 million for Q1 2026, compared to $277.1 million in Q1 2025. However, net income attributable to Artisan Partners Asset Management Inc. decreased by 5.1% to $58.0 million, resulting in basic EPS of $0.76, down from $0.82 year-over-year. The company also completed the acquisition of Grandview, a real estate private equity firm, for an upfront cash payment of $22.5 million and contingent consideration of $25.9 million, expanding its multi-asset investment platform. Additionally, dividends declared per Class A common share increased significantly by 17.9% to $1.58.
Key Highlights
- Acquired Grandview, a real estate private equity firm, for $22.5 million cash and $25.9 million contingent consideration.
- Total revenues increased 9.3% to $303.0 million for the three months ended March 31, 2026.
- Net income attributable to Artisan Partners Asset Management Inc. decreased 5.1% to $58.0 million.
- Basic earnings per share (EPS) was $0.76, down from $0.82 in the prior year period.
- Dividends declared per Class A common share increased 17.9% to $1.58.
- Operating income rose 8.9% to $94.2 million for the first quarter of 2026.
- Cash and cash equivalents (excluding consolidated investment products) increased 26.4% to $271.1 million.