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APAMArtisan Partners Asset Management Inc.
$39.13$2.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
APAM logo

Artisan Partners Asset Management Inc.

APAM
NYSE · Asset Managers & Custodians
$39.13
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.78B
P/E8.4x
52W High$46.53
Volume1.35M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Fee Run-Rate Surge Shadowed By Cash Opacity

Artisan Partners' management fee engine appears to have stepped up materially, with non-interest fee income rising from $268.7M in 2024Q2 to a $475.0M revenue peak in 2026Q2 and diluted EPS reaching $1.14, while ROE expanded to 15.2% and equity built from $341.2M to $485.3M.

GrowthExpanding
ProfitabilityStrong
ValuationExpensive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

APAM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-38% Peers

P/E is 38% below peer median

03

Market leadership

RS 63 · Avg

Average momentum (RS Rating: 63)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Jan 27

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
APAM+2.10%
S&P 500 (^GSPC)+7.63%
1-Year Return
APAM-3.40%
S&P 500 (^GSPC)+9.69%
3-Year Return
APAM+38.65%
S&P 500 (^GSPC)+66.72%
5-Year Return
APAM+8.55%
S&P 500 (^GSPC)+55.14%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
8.4x
Forward P/E
10.0x
EV/EBITDA40th %ile
6.6x
FCF YieldCash Flow
7.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.4x
10.1x
0th· Low
EV/EBITDA
6.6x
6.7x
40th· Fair
Price/FCF
12.7x
7.6x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$59.62+52.4%
Base (Fair)$58.70+50.0%
Bull$75.01+91.7%
$59.62 Bear$58.70 Base$75.01 Bull
Current Market Price: $39.13
Trades at a 33.3% discount to Base DCF ($58.70)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.19B+7.7% YoY
Net income FY25
$290M+11.8% YoY
Free cash flow FY25
$171M-53.5% YoY
Operating margin FY25
33.6%+0.4 pts YoY
ROIC (FY25)28%
Avg ROIC 5Y36.5%
ROE (TTM)50.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$1.03+7.5%
vs $0.96
$313M+1.6%
vs $308M
Q3 2026
Jul 28, 2026
$0.94+3.0%
vs $0.91
$308M+2.2%
vs $301M
Q2 2026
Apr 28, 2026
$0.87-4.4%
vs $0.91
$303M-0.3%
vs $304M
Q1 2026
Feb 3, 2026
$1.26+13.5%
vs $1.11
$336M+3.6%
vs $324M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 28, 2026
Artisan Partners Asset Management Inc. (APAM) Q3 2026 Earnings Call Transcript

Artisan Partners Asset Management Inc. ( APAM ) Q3 2026 Earnings Call October 28, 2026 11:00 AM EDT Company Participants Jason Gottlieb - CEO, Director & President Charles Daley - Executive VP, CFO & Treasurer Conference Call Participants Kenneth Lee - RBC Capital Markets, Research Division William Katz - TD Cowen, Research Division Alexander Blostein - Goldman Sachs Group, Inc., Research Division John Dunn - Evercore ISI Institutional Equities, Research Division Presentation Operator Welcome to the Artisan Partners Asset Management Business Update and Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

MarketBeat·Oct 28, 2026
What Artisan Partners Asset Management (APAM) Said on Its Q3 Earnings Call

Artisan Partners Asset Management NYSE: APAM reported third-quarter 2026 net client outflows of $10.6 billion, driven largely by two previously disclosed events, while the company highlighted continued inflows and expansion plans in its credit and alternatives businesses.

GlobeNewsWire·Oct 27, 2026
Artisan Partners Asset Management Inc. Reports 3Q26 Results and Quarterly Dividend

MILWAUKEE, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the quarter ended September 30, 2026, and declared a quarterly dividend. The full September 2026 quarter earnings release and investor presentation can be viewed at www.apam.com .

Defense World·Oct 20, 2026
Artisan Partners Asset Management (APAM) Projected to Post Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE: APAM - Get Free Report) is expected to post its Q3 2026 results after the market closes on Tuesday, October 27th. Analysts expect the company to post earnings of $0.9580 per share and revenue of $307.60 million for the quarter. Parties may visit the company's upcoming Q3 2026 earnings summary page

Filtered for Artisan Partners Asset Management Inc.More Headlines
04

Compare before deciding

Benchmark APAM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Artisan Partners Asset Management Inc. (APAM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
APAM logoAPAMArtisan Partners Asset Management Inc.Current
$39.13$2.78B8.417.7%24.7%50.82%10.02%
VRTS logoVRTSVirtus Investment Partners, Inc.
$127.35$850.97M7.26-7.13%17.36%11.02%7.32%
CNNE logoCNNECannae Holdings, Inc.
$17.69$777.31M-4.94-6.39%-38.18%-15.57%3.05%
AMG logoAMGAffiliated Managers Group, Inc.
$362.96$9.59B11.4021.05%35.95%19.67%0.01%
TROW logoTROWT. Rowe Price Group, Inc.
$108.41$23.23B10.583.12%28.4%17.96%4.71%
BEN logoBENFranklin Resources, Inc.
$33.73$17.53B19.533.52%9.65%6.35%3.93%

Compare APAM vs Peers

Artisan Partners Asset Management Inc. (APAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VRTS

Most directly comparable listed peer for APAM.

Scale Benchmark

vs MS

Larger-name benchmark to compare APAM against a more recognizable public peer.

Peer Set

Compare Top 5

vs VRTS, CNNE, AMG, TROW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

APAM SEC Filings & Documents

Artisan Partners Asset Management Inc. (APAM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 27, 2026·SEC

Material company update

Oct 9, 2026·SEC

Material company update

Aug 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 29, 2026·SEC

FY 2026

Jul 31, 2026·SEC

FY 2026

May 4, 2026·SEC

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APAM Frequently Asked Questions

Artisan Partners Asset Management Inc. (APAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Artisan Partners Asset Management Inc. growing?

Artisan Partners Asset Management Inc. (APAM) grew revenue by 8.8% over the trailing twelve months, compared with the twelve months before.

Is APAM profitable?

Yes. Artisan Partners Asset Management Inc. (APAM) earned $308.9M in net income over the trailing twelve months (a 24.7% net margin).

Dividend & Returns
Does APAM pay dividends?

Yes. Artisan Partners Asset Management Inc. (APAM) pays a dividend that yields 10.02% at the current price, a high yield.

What is APAM's return on equity?

Artisan Partners Asset Management Inc. (APAM) had a return on equity (ROE) of 50.8% over the trailing twelve months. That is well above the market's typical 10-15%.

Industry Metrics
What is Artisan Partners Asset Management Inc.'s net interest margin?

Artisan Partners Asset Management Inc. (APAM) has a net interest margin (NIM) of 0.2%. NIM has been under pressure due to interest rate environment.

What is Artisan Partners Asset Management Inc.'s efficiency ratio?

Artisan Partners Asset Management Inc. (APAM) has an efficiency ratio of 12.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in APAM back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

See returns →