Artisan Partners (APAM) AI Stock Analysis

• Market Cap: $3.67B
• Dividend Yield: 5.85%
• Average Volume (3M): 580.52K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 1.30
• Revenue Growth: 7.18%
• EPS Growth: 10.17%
• Country: US
• Employees: 584
• Sector: Financial
• Sector Strength: 81
• Industry: Asset Management
• EPS (TTM): 0.83
• Shares Outstanding: 70,427,670
• 10 Day Avg. Volume: 694,500
• 30 Day Avg. Volume: 580,519
• PEG Ratio: -0.21
• Price to Book (P/B): 6.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.33
• Enterprise Value/Market Cap: 0.56
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 3.96
• Enterprise Value/Ebitda: 1.17
• 1Y Price Target: $44.50
• Price Target Upside: -4.30% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 77 Outperform
• Price Target: $51.00 ▲(9.68%Upside)

Artisan Partners' overall score benefits from strong financial performance and technical analysis, supported by favorable valuation metrics. While the earnings call presented some challenges, the company's strategic initiatives and recent corporate events underscore its resilience and growth potential, maintaining a positive outlook.

Artisan Partners Business Overview & Revenue Model

Company Description

Artisan Partners Asset Management Inc. (APAM) is an investment management firm that provides a broad range of high-value added investment strategies across a variety of asset classes to sophisticated clients globally. With a focus on long-term, active investment management, Artisan Partners offers a diverse array of investment products, including mutual funds and separate accounts, managed by autonomous investment teams. The company's offerings cater to institutions and individuals seeking tailored investment solutions.

How the Company Makes Money

Artisan Partners generates revenue primarily through investment management fees, which are based on a percentage of assets under management (AUM). The company's revenue model is driven by the performance and growth of the investment portfolios it manages, as well as the ability to attract and retain client assets. Key revenue streams include management fees from mutual funds, institutional accounts, and other investment vehicles. Artisan Partners' earnings are influenced by market conditions, client inflows and outflows, and the success of its investment strategies. The company may also benefit from performance-based fees if certain investment performance benchmarks are met. Significant factors contributing to its earnings include its reputation for delivering consistent investment performance and maintaining strong client relationships.

Artisan Partners Financial Statement Overview

Summary

Artisan Partners exhibits strong financial health with consistent revenue growth, robust profitability, and effective cost management. Leverage is manageable, but poses a potential risk. Overall, the financial outlook is positive, supported by solid cash flow generation and strategic flexibility.

Income Statement

Artisan Partners has demonstrated solid income statement performance with a consistent revenue growth trajectory, marked by a 16.5% increase from 2023 to TTM. The gross profit margin remains robust at 45.8%, reflecting efficient cost management. Net profit margin stands at 23.0%, showcasing strong profitability. EBIT and EBITDA margins are healthy at 34.0% and 39.0% respectively, indicating efficient operations and good leverage of operational expenses. While revenue has grown, margins have slightly decreased from historical peaks, suggesting modest pressure on profitability.

Balance Sheet

The balance sheet of Artisan Partners is moderately strong with a debt-to-equity ratio of 0.76, demonstrating manageable leverage. The return on equity is high at 66.2%, driven by strong net income relative to equity, but this also indicates reliance on financial leverage. The equity ratio stands at 28.8%, reflecting a relatively lower proportion of equity financing in the asset structure. Overall, the company maintains stability but faces potential risks from its leverage.

Cash Flow

Artisan Partners shows robust cash flow management with a significant operating cash flow to net income ratio of 1.6, indicating efficient cash conversion from operations. The free cash flow growth rate is impressive at 13.8% from 2023 to TTM, highlighting strong cash generation capabilities. The free cash flow to net income ratio is high at 1.6, underscoring solid liquidity and financial flexibility. Cash flow performance is a key strength for the company, supporting its operational and strategic initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.14B	1.11B	975.13M	993.28M	1.23B	899.57M
Gross Profit	520.46M	517.68M	445.74M	482.88M	664.18M	463.75M
EBITDA	443.04M	449.41M	395.31M	353.31M	547.42M	365.82M
Net Income	261.37M	259.75M	222.29M	206.75M	336.52M	212.62M
Balance Sheet
Total Assets	1.37B	1.62B	1.41B	1.23B	1.21B	1.15B
Cash, Cash Equivalents and Short-Term Investments	212.90M	268.22M	178.47M	143.25M	200.14M	198.82M
Total Debt	298.90M	300.71M	312.66M	319.90M	299.75M	291.95M
Total Liabilities	868.10M	868.84M	802.10M	819.97M	801.05M	867.17M
Stockholders Equity	394.60M	388.92M	324.15M	262.22M	276.20M	180.48M
Cash Flow
Free Cash Flow	418.81M	368.09M	244.40M	293.05M	392.58M	315.58M
Operating Cash Flow	421.70M	372.84M	253.03M	312.61M	398.55M	318.68M
Investing Cash Flow	-27.98M	-24.87M	-38.17M	-63.73M	-26.97M	18.75M
Financing Cash Flow	-293.21M	-254.22M	-174.96M	-306.40M	-335.43M	-282.23M

Artisan Partners Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APAM, the sentiment is Positive. The current price of 46.5 is above the 20-day moving average (MA) of 42.91, above the 50-day MA of 41.10, and above the 200-day MA of 41.32, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 75.12 is Negative, neither overbought nor oversold. The STOCH value of 88.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APAM.

Artisan Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCTR	81 Outperform	$4.34B	14.36	26.57%	3.03%	6.53%	36.51%
FHI	80 Outperform	$3.54B	12.62	24.98%	3.04%	2.32%	1.08%
APAM	77 Outperform	$3.67B	12.81	69.81%	5.85%	7.18%	10.17%
AMG	76 Outperform	$5.65B	15.59	12.81%	0.02%	-6.37%	-28.43%
AB	76 Outperform	$4.48B	10.91	20.69%	7.91%	―	53.17%
TRIN	72 Outperform	$907.70M	6.41	17.56%	14.53%	46.14%	34.91%
Sector *	58 Neutral	$12.52B	5.23	-2.71%	5.27%	5.88%	-56.03%

Artisan Partners Corporate Events

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.

The most recent analyst rating on (APAM) stock is a Sell with a $39.50 price target. To see the full list of analyst forecasts on Artisan Partners stock, see the APAM Stock Forecast page.

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.

The most recent analyst rating on (APAM) stock is a Sell with a $39.50 price target. To see the full list of analyst forecasts on Artisan Partners stock, see the APAM Stock Forecast page.

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.

The most recent analyst rating on (APAM) stock is a Sell with a $39.50 price target. To see the full list of analyst forecasts on Artisan Partners stock, see the APAM Stock Forecast page.

Artisan Partners Reports $164.4 Billion in Assets

On May 9, 2025, Artisan Partners Asset Management Inc. announced that its preliminary assets under management as of April 30, 2025, totaled $164.4 billion. This figure includes $80.2 billion from Artisan Funds and Artisan Global Funds, and $84.2 billion from separate accounts and other assets under management. The announcement reflects the company’s strong position in the investment management industry, showcasing its ability to manage a diverse range of assets and strategies, which may impact its market standing and stakeholder interests.