Artisan Partners (APAM) AI Stock Analysis

• Market Cap: $3.36B
• Dividend Yield: 8.73%
• Average Volume (3M): 454.55K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.11
• Revenue Growth: 5.46%
• EPS Growth: 2.10%
• Country: US
• Employees: 584
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.02
• Shares Outstanding: 70,461,655
• 10 Day Avg. Volume: 551,259
• 30 Day Avg. Volume: 454,549
• PEG Ratio: 0.73
• Price to Book (P/B): 7.18
• Price to Sales (P/S): 2.51
• P/FCF Ratio: 7.59
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 2.69
• Enterprise Value/Gross Profit: 5.93
• Enterprise Value/Ebitda: 6.59
• 1Y Price Target: $47.00
• Price Target Upside: 13.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $46.00 ▲(10.60% Upside)

Artisan Partners' strong valuation and positive earnings call insights are significant strengths, supported by strategic corporate events. However, technical indicators suggest a bearish trend, and financial performance highlights concerns over cash flow management. The overall score reflects a balanced view of these factors.

Positive Factors

Strong Investment Performance

Consistent outperformance of AUM against benchmarks indicates robust investment strategies, enhancing long-term client trust and retention.

Strategic Acquisition

The acquisition expands Artisan's capabilities in alternative investments, diversifying revenue streams and strengthening market position.

Record AUM

Record AUM reflects strong market position and effective asset management, supporting future revenue growth through increased management fees.

Negative Factors

Net Outflows in Equity Strategies

Persistent net outflows in equity strategies could indicate client dissatisfaction or competitive pressures, impacting future revenue stability.

Regulatory Challenges

Regulatory changes leading to client loss highlight potential vulnerabilities in adapting to international market regulations.

Cash Flow Challenges

Low cash flow conversion ratio suggests potential liquidity issues, which could constrain operational flexibility and growth investments.

Artisan Partners Business Overview & Revenue Model

Company Description

Artisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.

How the Company Makes Money

Artisan Partners generates revenue primarily through management fees charged on the assets it manages for clients. These fees are typically a percentage of the total assets under management (AUM) and vary based on the investment strategy and fund type. In addition to management fees, the company may also earn performance fees from certain investment products when they exceed benchmark returns. Significant partnerships with institutional investors, pension funds, and financial advisors contribute to its AUM, ultimately driving revenue growth. The firm also benefits from a diversified client base, which helps mitigate risks associated with market volatility.

Artisan Partners Financial Statement Overview

Summary

Artisan Partners demonstrates solid profitability with a net profit margin of 22.49% and effective equity utilization with a return on equity of 67.65%. However, challenges in cash flow management, including a significant decline in free cash flow growth at -89.67%, and declining margins pose risks to financial stability.

Income Statement

Artisan Partners shows a stable revenue growth rate of 3.73% in the TTM, with strong profitability metrics such as a gross profit margin of 44.24% and a net profit margin of 22.49%. However, the slight decline in margins compared to previous years suggests potential pressure on profitability.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.71, indicating a balanced approach to leveraging. Return on equity is robust at 67.65%, showcasing effective use of equity. However, the equity ratio of 27.87% suggests a reliance on debt financing.

Cash Flow

Artisan Partners faces challenges in cash flow, with a significant decline in free cash flow growth at -89.67% in the TTM. The operating cash flow to net income ratio of 0.15 indicates potential issues in converting income into cash, though the free cash flow to net income ratio remains strong at 99.37%.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.16B	1.11B	975.13M	993.28M	1.23B	899.57M
Gross Profit	525.53M	517.68M	445.74M	482.88M	664.18M	463.75M
EBITDA	473.03M	459.02M	401.61M	329.54M	569.29M	386.73M
Net Income	265.23M	259.75M	222.29M	206.75M	336.52M	212.62M
Balance Sheet
Total Assets	1.58B	1.62B	1.41B	1.23B	1.21B	1.15B
Cash, Cash Equivalents and Short-Term Investments	342.18M	268.22M	178.47M	143.25M	200.14M	198.82M
Total Debt	314.04M	300.71M	312.66M	319.90M	299.75M	291.95M
Total Liabilities	884.55M	868.84M	802.10M	819.97M	801.05M	867.17M
Stockholders Equity	402.06M	388.92M	324.15M	262.22M	276.20M	180.48M
Cash Flow
Free Cash Flow	285.81M	368.09M	369.07M	293.05M	392.58M	315.58M
Operating Cash Flow	286.41M	372.84M	377.71M	312.61M	398.55M	318.68M
Investing Cash Flow	3.85M	-24.87M	-67.18M	-63.73M	-26.97M	18.75M
Financing Cash Flow	-190.89M	-254.22M	-270.63M	-306.40M	-335.43M	-282.23M

Artisan Partners Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 41.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APAM, the sentiment is Neutral. The current price of 41.59 is above the 20-day moving average (MA) of 41.56, below the 50-day MA of 42.34, and above the 200-day MA of 41.51, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 46.57 is Neutral, neither overbought nor oversold. The STOCH value of 51.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for APAM.

Artisan Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCTR	80 Outperform	$4.17B	16.38	16.46%	3.08%	33.03%	-3.55%
AB	76 Outperform	$3.63B	13.13	19.77%	8.82%	―	-12.92%
APAM	73 Outperform	$3.36B	11.57	62.04%	8.73%	5.46%	2.10%
FHI	72 Outperform	$4.04B	10.90	32.06%	2.55%	9.32%	53.51%
WT	71 Outperform	$1.64B	18.23	25.27%	1.03%	12.05%	120.13%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CNS	60 Neutral	$3.21B	19.73	31.53%	3.95%	12.73%	19.01%

Artisan Partners Corporate Events

Artisan Partners Reports November AUM and December Redemption

On December 9, 2025, Artisan Partners Asset Management Inc. reported its preliminary assets under management (AUM) as of November 30, 2025, totaling $180.8 billion. The report highlighted that Artisan Funds and Artisan Global Funds accounted for $87.2 billion, while separate accounts and other AUM comprised $93.6 billion. The announcement also noted the impact of $800 million in Artisan Funds distributions not reinvested in November, with an additional $400 million expected in December. Additionally, a $2.7 billion redemption from a non-U.S. institutional client in early December was attributed to local pension-market dynamics, affecting three Growth team strategies.

Artisan Partners to Acquire Grandview Property Partners

On November 16, 2025, Artisan Partners Asset Management Inc. announced a definitive agreement to acquire Grandview Property Partners, a real estate private equity firm specializing in middle market properties in the U.S. The acquisition, expected to close in the first quarter of 2026, is part of Artisan’s strategic expansion into alternative investments, enhancing its capabilities in private real estate. The transaction is anticipated to be mildly accretive to earnings per share following the final closing of Grandview’s next flagship fund.

Artisan Partners Reports $182.6 Billion in Assets

On November 11, 2025, Artisan Partners Asset Management Inc. announced that its preliminary assets under management as of October 31, 2025, totaled $182.6 billion. This figure includes $88.5 billion from Artisan Funds and Artisan Global Funds, with the remaining $94.1 billion from separate accounts and other assets under management. This announcement highlights the firm’s strong market position and the diverse strategies managed by its autonomous investment teams, which could have significant implications for stakeholders and the broader investment industry.

Artisan Partners Reports September 2025 AUM Figures

On October 9, 2025, Artisan Partners Asset Management Inc. reported its preliminary assets under management (AUM) as of September 30, 2025, totaling $181.3 billion. The Artisan Funds and Artisan Global Funds contributed $88.0 billion, while separate accounts and other AUM accounted for $93.3 billion. This announcement provides insights into the company’s financial health and its strategic positioning in the asset management industry, reflecting its capability to manage a diverse portfolio across different investment strategies.

Artisan Partners Reports August 2025 Assets Under Management

On September 10, 2025, Artisan Partners Asset Management Inc. reported its preliminary assets under management as of August 31, 2025, totaling $178.1 billion. This includes $87.0 billion from Artisan Funds and Artisan Global Funds, and $91.1 billion from separate accounts and other assets. This announcement highlights the firm’s strong position in the investment management industry, showcasing its diverse range of strategies and significant asset base, which may impact its market positioning and stakeholder interests.