Artisan Partners Asset Management Inc. (APAM) AI Stock Analysis

NYSE: APAMAI research summary: business, growth, valuation, analysts, bull and bear case.

APAM AI stock analysis summary

AI Research

Artisan Partners Asset Management Inc. (APAM) is a global investment manager focused on public equity and fixed income strategies. Over the trailing twelve months, the company generated $1.25B in revenue with a profit margin of 24.1%. The stock trades at a trailing price-to-earnings ratio of 7.8x while offering a 10.72% dividend yield.

Market cap
$2.29B
Revenue (TTM)
$1.25B
P/E
7.8x
fwd 8.6x
1Y return
-18.6%
S&P 500 16.8%
Avg. target
$35.25
9.2% vs last close

Bull case

  • Trailing twelve months return on equity is high at 64.5%, supported by an operating margin of 27.5%.
  • Valuation multiples remain discounted relative to the sector, with a trailing P/E of 7.8x versus the peer median of 12.1x.
  • The stock offers an annual dividend yield of 10.72% alongside a net cash position of $19.6M as of June 30, 2026.

Bear case

  • Earnings per share are projected to decline 4.7% in the current fiscal year to $3.75 and an additional 2.7% next fiscal year to $3.65.
  • The dividend payout ratio of 98.5% leaves minimal cushion if free cash flow softens from its FY2025 level of $171.3M.
  • The stock has lagged broader markets, falling 18.6% over the past year while the S&P 500 gained 16.8%.

What Artisan Partners does

Founded in 1994 and headquartered in Milwaukee, Wisconsin, Artisan Partners Asset Management Inc. is a publicly owned investment manager. The firm serves institutional and individual clients, including pension plans, endowments, foundations, trusts, mutual funds, and non-U.S. funds. Operating globally with offices in cities such as New York, San Francisco, and London, Artisan Partners invests in public equity and fixed income markets. Its equity strategies utilize fundamental analysis across growth and value styles, while its fixed income teams invest in non-investment grade corporate bonds and secured and unsecured loans.

Growth and profitability

Artisan Partners grew annual revenue from $975.1M in FY2023 to $1.11B in FY2024 and $1.20B in FY2025. Over the 5-year period from FY2020 to FY2025, revenue registered a compound annual growth rate of 5.9%. Net income expanded from $222.3M in FY2023 to $290.3M in FY2025, bringing net margin to 24.3% and diluted earnings per share to $3.94. For the latest quarter ended June 30, 2026, revenue increased 8.9% year-over-year, while quarterly earnings grew 18.3% compared to the prior-year period.

APAM income statement →

Balance sheet and cash flow

As of June 30, 2026, Artisan Partners held $334.5M in cash and short-term investments against $314.9M in total debt, yielding a net cash position of $19.6M. The company reported a current ratio of 2.84 and a debt-to-equity ratio of 0.68. For FY2025, operating cash flow totaled $172.0M and free cash flow stood at $171.3M. Cash outflows in FY2025 included $677,000 for capital expenditures and $257.1M paid toward dividends, while the 5-year share count change was 16.8%.

APAM balance sheet →

Valuation and performance

Artisan Partners trades at a trailing price-to-earnings multiple of 7.8x and a forward multiple of 8.6x, compared to medians of 12.1x and 10.8x for its US-listed Financial Services peers. The enterprise value to EBITDA ratio is 5.0x, below the peer group median of 11.7x. Over the past 12 months, the stock returned -18.6%, trailing the S&P 500 return of 16.8%. Over a 5-year horizon, the stock gained 4.5%, while the benchmark returned 83.0%.

APAM key metrics →

APAM dividend

The company pays a quarterly dividend with a forward annual amount of $3.46 per share, representing a dividend yield of 10.72%. Artisan Partners has maintained consecutive dividend payments for 14 years, achieving a 5-year annualized dividend growth rate of 1.4%. The payout ratio stands at 98.5%, and the most recent ex-dividend date was August 17, 2026.

APAM dividend history →

What analysts expect

Wall Street analyst coverage consists of 0 Strong Buy, 1 Buy, 2 Hold, 0 Sell, and 1 Strong Sell recommendations. The mean price target is $35.25, representing an upside of 9.2% over the last close of $32.29. Consensus estimates project current fiscal year EPS of $3.75 on revenue of $1.23B, followed by next fiscal year EPS of $3.65 on revenue of $1.24B. The firm beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for October 27, 2026.

APAM forecast and price target →

Key risks and what to watch

  • Market volatility could affect the firm's revenue base, as reflected by a high beta of 1.69.
  • Free cash flow contracted from $368.1M in FY2024 to $171.3M in FY2025, which fell short of the $257.1M in dividends paid that year.
  • The share count expanded 16.8% over five years, creating dilution risk for equity holders.
  • Revenues rely heavily on market performance, with revenue falling 19.1% during downturns like FY2022.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this APAM AI stock analysis

This page is an AI-written research summary of Artisan Partners Asset Management Inc. (APAM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: APAM income statement, APAM balance sheet, APAM key metrics, APAM analyst forecast, APAM chart. See the APAM stock overview for the latest quote and news.

APAM AI stock analysis FAQ

What dividend does Artisan Partners Asset Management pay?

The company pays an annualized forward dividend of $3.46 per share distributed quarterly, representing a 10.72% dividend yield with a payout ratio of 98.5%.

What is the consensus analyst target for APAM stock?

The mean analyst price target is $35.25, which sits 9.2% above the last closing price of $32.29.

How leveraged is Artisan Partners?

As of June 30, 2026, the company held $334.5M in cash against $314.9M in total debt, resulting in a positive net cash position of $19.6M and a debt-to-equity ratio of 0.68.

When is Artisan Partners reporting next earnings?

Artisan Partners is scheduled to release its next financial earnings report on October 27, 2026.

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