Asset Management Stocks Q1 Results: Artisan Partners Revenue Up 9.3%, TPG Leads with 20.7% Growth

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2▲3 ▼2Impact / 5
Summary · why it matters

Artisan Partners reported first-quarter revenues of $303 million, a 9.3% year-on-year increase that met analyst expectations, though earnings per share significantly missed estimates. Among the five asset management stocks tracked, TPG was the best performer with revenues of $570 million, up 20.7% and beating estimates by 5.2%, while Carlyle was the weakest with revenues of $750.9 million, down 28% and missing estimates by 13%. Ares posted the fastest revenue growth at 26.2% to $1.27 billion, and Blackstone reported revenues of $3.46 billion, up 24.2% and beating estimates by 1.4%. As a group, revenues missed consensus estimates by 1.8%, and share prices have fallen an average of 8.9% since the earnings releases.

Impact on assets 5

Financials± Mixed · 4 stocks
Ares Management LP
ARES
▲ PositiveCapitalrelevance

Revenue grew 26.2% to $1.27 billion, the fastest growth among peers.

Carlyle Group Inc
CG
▼ NegativeCapitalrelevance

Revenue down 28% to $750.9 million, missing estimates by 13%.

TPG Inc
TPG
▲ PositiveCapitalrelevance

Revenue up 20.7% to $570 million, beating estimates by 5.2%.

Artificial Intelligence▲ · 1 stocks