Artisan Partners (APAM) AI Stock Analysis

• Market Cap: $3.49B
• Dividend Yield: 6.88%
• Average Volume (3M): 684.77K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.34
• Revenue Growth: 7.18%
• EPS Growth: 10.17%
• Country: US
• Employees: 584
• Sector: Financial
• Sector Strength: 85
• Industry: Asset Management
• EPS (TTM): 0.83
• Shares Outstanding: 70,427,670
• 10 Day Avg. Volume: 644,271
• 30 Day Avg. Volume: 684,774
• PEG Ratio: 4.05
• Price to Book (P/B): 6.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $40.02
• Price Target Upside: -9.09% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

Artisan Partners receives a strong overall score, driven by robust financial performance and attractive valuation. While technical analysis indicates potential overbought conditions, the company's strategic initiatives and corporate developments, including a positive CEO transition, support a favorable long-term outlook. However, challenges such as revenue declines and client outflows temper the near-term perspective.

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 investment management fees, which are calculated as a percentage of the assets under management (AUM). The company manages funds for individual and institutional investors, and fees are typically based on the performance and size of the investment portfolios. Artisan Partners' revenue streams are influenced by the market value of the assets it manages and the performance of its investment strategies. Additionally, the firm may earn performance-based fees if certain funds exceed predefined performance benchmarks. Artisan Partners' earnings are also affected by its ability to attract and retain clients, which is bolstered by its reputation, long-term investment performance, and client service capabilities.

Artisan Partners Financial Statement Overview

Summary

Artisan Partners exhibits strong financial health with consistent revenue growth and profitability. The income statement shows a solid revenue increase and robust profit margins, though there is modest pressure on profitability. The balance sheet is stable with manageable leverage but indicates some reliance on financial leverage. Cash flow management is a key strength, highlighting strong liquidity and financial 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	993.30M	1.23B	899.60M
	Gross Profit
520.46M	517.68M	445.74M	482.90M	664.20M	463.80M
	EBIT
386.39M	366.63M	303.59M	344.10M	540.50M	358.30M
	EBITDA
443.04M	449.41M	395.31M	353.31M	547.42M	365.82M
	Net Income Common Stockholders
261.37M	259.75M	222.29M	206.75M	336.52M	308.50M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
212.90M	268.22M	178.47M	114.80M	189.20M	155.00M
	Total Assets
1.37B	1.62B	1.41B	1.31B	1.21B	1.15B
	Total Debt
298.90M	300.71M	312.66M	319.90M	299.70M	292.00M
	Net Debt
86.00M	32.49M	134.19M	205.10M	110.50M	137.00M
	Total Liabilities
868.10M	868.84M	802.10M	899.00M	912.00M	961.00M
	Stockholders Equity
394.60M	388.92M	324.15M	279.40M	296.00M	191.00M
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: 44.02
• 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 44.02 is above the 20-day moving average (MA) of 38.58, above the 50-day MA of 38.84, and above the 200-day MA of 41.20, indicating a bullish trend. The MACD of 1.37 indicates Negative momentum. The RSI at 72.66 is Negative, neither overbought nor oversold. The STOCH value of 95.58 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
FHI	80 Outperform	$3.39B	12.06	24.98%	2.90%	2.32%	1.08%
VCTR	78 Outperform	$4.35B	14.40	26.57%	2.61%	6.53%	36.51%
APAM	76 Outperform	$3.49B	12.20	69.81%	6.88%	7.18%	10.17%
AB	76 Outperform	$4.53B	11.04	20.69%	7.97%	―	53.17%
TRIN	73 Outperform	$957.48M	6.76	17.56%	13.77%	46.14%	34.91%
AMG	70 Outperform	$5.19B	14.32	12.81%	0.02%	-6.37%	-28.43%
Sector *	64 Neutral	$12.75B	9.93	7.86%	17015.07%	12.19%	-5.92%

Artisan Partners Corporate Events

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.

Spark’s Take on APAM Stock

According to Spark, TipRanks’ AI Analyst, APAM is a Outperform.

Artisan Partners’ overall score reflects strong financial performance and attractive valuation, which are significant strengths. The company shows robust cash flow and solid revenue growth, although leverage poses a potential risk. Technical indicators suggest mixed signals with overbought conditions, while the earnings call indicates both opportunities and challenges. The new CEO appointment is strategically positive, supporting a favorable outlook for the company’s long-term growth.

To see Spark’s full report on APAM stock, click here.

Artisan Partners Announces New CEO Appointment

On March 4, 2025, Artisan Partners Asset Management Inc. announced that Jason A. Gottlieb will succeed Eric R. Colson as Chief Executive Officer, effective June 4, 2025, following the company’s annual meeting of stockholders. Mr. Colson will transition to the role of Executive Chair and Chair of the Board, while Stephanie DiMarco will become Lead Independent Director. This leadership transition is part of a long-term succession plan, with Mr. Gottlieb’s appointment reflecting his proven track record and strategic contributions to the company. The changes are expected to support the firm’s growth and continued success in delivering outcomes for clients, employees, and shareholders.