Artisan Partners (APAM) AI Stock Analysis

• Market Cap: $3.57B
• Dividend Yield: 8.15%
• Average Volume (3M): 431.54K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.22
• Revenue Growth: 9.98%
• EPS Growth: 12.97%
• Country: US
• Employees: 584
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.83
• Shares Outstanding: 70,470,820
• 10 Day Avg. Volume: 479,420
• 30 Day Avg. Volume: 431,535
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 2.77
• Enterprise Value/Gross Profit: 6.23
• Enterprise Value/Ebitda: 6.57
• 1Y Price Target: $46.33
• Price Target Upside: 5.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 67 Neutral
• Price Target: $48.00 ▲(9.59% Upside)

Artisan Partners' overall stock score reflects strong financial performance and attractive valuation, offset by weak technical indicators and a balanced earnings call sentiment. The company's robust profitability and high dividend yield are significant strengths, while technical analysis suggests caution due to bearish trends. The earnings call highlighted both strategic achievements and challenges, contributing to a neutral outlook.

Artisan Partners Business Overview & Revenue Model

Company Description

Artisan Partners (APAM) is a global investment management firm that specializes in active investment strategies across various asset classes, including equity, fixed income, and alternative investments. The company is focused on delivering long-term value to its clients through a diverse range of investment solutions tailored to meet the needs of institutional and individual investors. Artisan Partners operates through multiple investment teams, each with distinct investment philosophies, allowing for a broad array of investment opportunities across different sectors and geographies.

How the Company Makes Money

Artisan Partners generates revenue primarily through investment management fees charged to its clients based on the assets under management (AUM). The firm typically earns a percentage of AUM as a management fee, which can vary depending on the specific investment strategy and client agreements. In addition to management fees, Artisan may also earn performance fees based on the investment performance of its funds, incentivizing the firm to achieve strong returns for its clients. The company serves a diverse client base, including institutional investors, mutual funds, and private wealth clients, which helps stabilize its revenue streams. Strategic partnerships with financial advisors and platforms also enhance Artisan's distribution capabilities, further contributing to its earnings.

Artisan Partners Financial Statement Overview

Summary

Artisan Partners demonstrates strong financial performance with consistent revenue growth and robust profitability margins. The company has improved its leverage position, although the equity ratio remains low. Cash flow generation is efficient, but the recent decline in free cash flow growth warrants attention. Overall, the financial health of the company is solid, with room for improvement in cost management and equity financing.

Income Statement

Artisan Partners shows a solid income statement with a consistent revenue growth rate of 9.6% in the TTM period. The company maintains healthy margins, including a gross profit margin of 44.4% and a net profit margin of 24.1%. EBIT and EBITDA margins are also strong at 41.2% and 42.1%, respectively. However, the gross profit margin has slightly decreased from the previous year, indicating some pressure on cost management.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.70, which is an improvement from previous years, indicating better leverage management. The return on equity is robust at 70.6%, showcasing effective use of equity to generate profits. However, the equity ratio is relatively low, suggesting a higher reliance on debt financing.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth by 7.25% in the TTM period, which could be a concern. The operating cash flow to net income ratio is healthy at 0.76, and the free cash flow to net income ratio is nearly 1, indicating efficient cash generation relative to net income. Despite the decline in free cash flow growth, cash flow metrics remain stable overall.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.13B	1.11B	975.13M	993.28M	1.23B	899.57M
Gross Profit	499.90M	517.68M	445.74M	482.88M	664.18M	463.75M
EBITDA	473.93M	449.41M	395.31M	329.54M	569.29M	386.73M
Net Income	271.39M	259.75M	222.29M	206.75M	336.52M	212.62M
Balance Sheet
Total Assets	1.44B	1.62B	1.41B	1.23B	1.21B	1.15B
Cash, Cash Equivalents and Short-Term Investments	493.00M	268.22M	178.47M	143.25M	200.14M	198.82M
Total Debt	295.18M	300.71M	312.66M	319.90M	299.75M	291.95M
Total Liabilities	840.40M	868.84M	802.10M	819.97M	801.05M	867.17M
Stockholders Equity	419.10M	388.92M	324.15M	262.22M	276.20M	180.48M
Cash Flow
Free Cash Flow	357.69M	368.09M	244.40M	293.05M	392.58M	315.58M
Operating Cash Flow	358.75M	372.84M	253.03M	312.61M	398.55M	318.68M
Investing Cash Flow	-5.76M	-24.87M	-38.17M	-63.73M	-26.97M	18.75M
Financing Cash Flow	-237.35M	-254.22M	-174.96M	-306.40M	-335.43M	-282.23M

Artisan Partners Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 43.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APAM, the sentiment is Negative. The current price of 43.8 is below the 20-day moving average (MA) of 45.89, below the 50-day MA of 45.83, and above the 200-day MA of 41.87, indicating a neutral trend. The MACD of -0.40 indicates Positive momentum. The RSI at 35.90 is Neutral, neither overbought nor oversold. The STOCH value of 5.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for APAM.

Artisan Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WT	79 Outperform	2.11B	37.07	16.23%	0.85%	15.43%	-19.63%
FHI	78 Outperform	3.99B	11.43	23.22%	2.52%	5.92%	54.93%
AB	76 Outperform	4.19B	11.28	―	8.88%	―	16.78%
VCTR	71 Outperform	4.40B	16.25	12.84%	2.89%	19.81%	12.83%
CNS	71 Outperform	3.40B	21.18	30.67%	3.69%	12.95%	23.72%
APAM	67 Neutral	$3.57B	12.20	67.97%	8.15%	9.98%	12.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Artisan Partners Corporate Events

Artisan Partners Reports July 2025 Assets Under Management

On August 11, 2025, Artisan Partners Asset Management Inc. reported its preliminary assets under management as of July 31, 2025, totaling $175 billion. The Artisan Funds and Artisan Global Funds contributed $85.3 billion, while separate accounts and other assets accounted for $89.7 billion. This announcement reflects the company’s robust asset management capabilities and its strong position in the investment management industry.

Artisan Partners Reports June 2025 AUM Totals

On July 10, 2025, Artisan Partners Asset Management Inc. announced its preliminary assets under management (AUM) as of June 30, 2025, totaling $175.5 billion. The Artisan Funds and Artisan Global Funds contributed $85.6 billion, while separate accounts and other AUM accounted for $89.9 billion. This report highlights the firm’s robust asset management capabilities and its strong positioning in the investment management industry.

Artisan Partners Appoints Peter Crawford to Board

On July 2, 2025, Artisan Partners appointed Peter Crawford to its Board of Directors and Audit Committee. Crawford, with extensive experience at Charles Schwab, including roles as Managing Director and Chief Financial Officer, is expected to bring valuable financial expertise to Artisan Partners.

Artisan Partners Announces May 2025 AUM Figures

On June 10, 2025, Artisan Partners Asset Management Inc. announced its preliminary assets under management (AUM) as of May 31, 2025, totaling $170.9 billion. This figure includes $83.4 billion from Artisan Funds and Artisan Global Funds, and $87.5 billion from separate accounts and other assets. The announcement highlights the firm’s strong market position and diverse investment strategies, potentially impacting stakeholders by showcasing its robust asset management capabilities.

Artisan Partners Holds 2025 Annual Stockholders Meeting

On June 3, 2025, Artisan Partners Holdings LP entered into a Note Purchase Agreement to issue $50 million of Series G Senior Notes in a private placement on August 15, 2025, to repay the Series D notes maturing in August 2025. The Series G Notes, maturing on August 16, 2030, will bear an interest rate of 5.43% and include financial covenants such as a leverage ratio not exceeding 3.00 to 1.00 and an interest coverage ratio not less than 4.00 to 1.00. Additionally, the 2025 annual meeting of stockholders was held on June 4, 2025, where all seven director nominees were elected, executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025.