(APAM) Artisan Partners Asset - Overview
Stock: Equity, Fixed, Separate, Mutual, Collective
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.29% |
| Yield on Cost 5y | 10.17% |
| Yield CAGR 5y | -3.75% |
| Payout Consistency | 93.0% |
| Payout Ratio | 135.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.6% |
| Relative Tail Risk | 0.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.30 |
| Alpha | -7.63 |
| Character TTM | |
|---|---|
| Beta | 1.114 |
| Beta Downside | 1.037 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.91% |
| CAGR/Max DD | 0.57 |
Description: APAM Artisan Partners Asset January 11, 2026
Artisan Partners Asset Management Inc. (NYSE: APAM) is a publicly traded investment manager that serves a broad client base-including pension and profit-sharing plans, endowments, government entities, private and non-U.S. funds, as well as mutual funds and collective trusts-by managing separate equity and fixed-income portfolios.
The firm employs a fundamental, bottom-up research process to invest in global public markets, targeting both growth and value stocks across all market capitalizations. In its fixed-income mandate, Artisan focuses on non-investment-grade corporate bonds and both secured and unsecured loans, reflecting a higher-yield bias within the credit space.
Founded in 1994 and headquartered in Milwaukee, Wisconsin, Artisan operates additional offices in Atlanta, New York, San Francisco, Leawood (KS), and London, giving it a geographically diversified platform for sourcing ideas.
Key metrics: as of the most recent filing, the firm reported approximately $71 billion in assets under management, with a 2023 revenue growth rate of 9 % year-over-year, driven largely by net inflows into its equity strategies. The asset-management sector is currently sensitive to the Federal Reserve’s interest-rate trajectory, which influences both the demand for higher-yield credit and the valuation of growth equities.
Sector driver: the ongoing shift toward ESG integration is prompting Artisan to incorporate sustainability screens into its fundamental analysis, a trend that is reshaping client allocations across the industry.
For a deeper quantitative look at APAM’s valuation metrics, you might explore the analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 290.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA -6.95 > 1.0 |
| NWC/Revenue: 44.76% < 20% (prev -8.27%; Δ 53.03% < -1%) |
| CFO/TA 0.16 > 3% & CFO 249.2m > Net Income 290.3m |
| Net Debt (-214.4m) to EBITDA (504.1m): -0.43 < 3 |
| Current Ratio: 9.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (71.0m) vs 12m ago 0.57% < -2% |
| Gross Margin: 45.13% > 18% (prev 0.47%; Δ 4466 % > 0.5%) |
| Asset Turnover: 74.88% > 50% (prev 68.68%; Δ 6.20% > 0%) |
| Interest Coverage Ratio: 113.7 > 6 (EBITDA TTM 504.1m / Interest Expense TTM 4.35m) |
Altman Z'' 5.29
| A: 0.34 (Total Current Assets 596.9m - Total Current Liabilities 61.3m) / Total Assets 1.58b |
| B: 0.11 (Retained Earnings 171.0m / Total Assets 1.58b) |
| C: 0.31 (EBIT TTM 494.8m / Avg Total Assets 1.60b) |
| D: 0.60 (Book Value of Equity 478.1m / Total Liabilities 794.9m) |
| Altman-Z'' Score: 5.29 = AAA |
Beneish M -2.92
| DSRI: 1.12 (Receivables 154.5m/127.7m, Revenue 1.20b/1.11b) |
| GMI: 1.03 (GM 45.13% / 46.56%) |
| AQI: 0.83 (AQ_t 0.55 / AQ_t-1 0.67) |
| SGI: 1.08 (Revenue 1.20b / 1.11b) |
| TATA: 0.03 (NI 290.3m - CFO 249.2m) / TA 1.58b) |
| Beneish M-Score: -2.92 (Cap -4..+1) = A |
What is the price of APAM shares?
Over the past week, the price has changed by +1.35%, over one month by +4.28%, over three months by +3.07% and over the past year by +8.98%.
Is APAM a buy, sell or hold?
- StrongBuy: 0
- Buy: 1
- Hold: 2
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the APAM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 43.3 | -4.1% |
| Analysts Target Price | 43.3 | -4.1% |
| ValueRay Target Price | 52.9 | 17.2% |
APAM Fundamental Data Overview February 05, 2026
P/E Forward = 10.9409
P/S = 2.7106
P/B = 7.8075
P/EG = 1.38
Revenue TTM = 1.20b USD
EBIT TTM = 494.8m USD
EBITDA TTM = 504.1m USD
Long Term Debt = 189.1m USD (from longTermDebt, two quarters ago)
Short Term Debt = unknown (none)
Debt = 430.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -214.4m USD (from netDebt column, last quarter)
Enterprise Value = 3.13b USD (3.14b + Debt 430.9m - CCE 442.4m)
Interest Coverage Ratio = 113.7 (Ebit TTM 494.8m / Interest Expense TTM 4.35m)
EV/FCF = 12.56x (Enterprise Value 3.13b / FCF TTM 249.1m)
FCF Yield = 7.96% (FCF TTM 249.1m / Enterprise Value 3.13b)
FCF Margin = 20.82% (FCF TTM 249.1m / Revenue TTM 1.20b)
Net Margin = 24.26% (Net Income TTM 290.3m / Revenue TTM 1.20b)
Gross Margin = 45.13% ((Revenue TTM 1.20b - Cost of Revenue TTM 656.7m) / Revenue TTM)
Gross Margin QoQ = 48.61% (prev 45.82%)
Tobins Q-Ratio = 1.98 (Enterprise Value 3.13b / Total Assets 1.58b)
Interest Expense / Debt = -0.49% (Interest Expense -2.10m / Debt 430.9m)
Taxrate = 20.0% (29.5m / 147.5m)
NOPAT = 395.8m (EBIT 494.8m * (1 - 20.00%))
Current Ratio = 9.74 (Total Current Assets 596.9m / Total Current Liabilities 61.3m)
Debt / Equity = 0.90 (Debt 430.9m / totalStockholderEquity, last quarter 478.1m)
Debt / EBITDA = -0.43 (Net Debt -214.4m / EBITDA 504.1m)
Debt / FCF = -0.86 (Net Debt -214.4m / FCF TTM 249.1m)
Total Stockholder Equity = 404.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 18.17% (Net Income 290.3m / Total Assets 1.58b)
RoE = 71.75% (Net Income TTM 290.3m / Total Stockholder Equity 404.6m)
RoCE = 83.33% (EBIT 494.8m / Capital Employed (Equity 404.6m + L.T.Debt 189.1m))
RoIC = 68.70% (NOPAT 395.8m / Invested Capital 576.2m)
WACC = 8.76% (E(3.14b)/V(3.57b) * Re(10.02%) + D(430.9m)/V(3.57b) * Rd(-0.49%) * (1-Tc(0.20)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.37%
[DCF Debug] Terminal Value 75.39% ; FCFF base≈296.7m ; Y1≈297.5m ; Y5≈316.9m
Fair Price DCF = 71.82 (EV 4.85b - Net Debt -214.4m = Equity 5.06b / Shares 70.5m; r=8.76% [WACC]; 5y FCF grow -0.23% → 2.90% )
EPS Correlation: 8.98 | EPS CAGR: -6.07% | SUE: 1.59 | # QB: 1
Revenue Correlation: 75.55 | Revenue CAGR: 4.78% | SUE: 2.55 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.92 | Chg30d=-0.012 | Revisions Net=+2 | Analysts=2
EPS next Year (2026-12-31): EPS=4.09 | Chg30d=-0.013 | Revisions Net=+0 | Growth EPS=+8.8% | Growth Revenue=+7.4%