NYSE:APAM

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Artisan Partners Asset Management

Executive Summary

Artisan Partners Asset Management Inc. is publicly owned investment manager. More Details


Snowflake Analysis

Outstanding track record and good value.


Similar Companies

Share Price & News

How has Artisan Partners Asset Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APAM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: APAM's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

APAM

3.0%

US Capital Markets

1.8%

US Market


1 Year Return

57.7%

APAM

11.7%

US Capital Markets

20.4%

US Market

Return vs Industry: APAM exceeded the US Capital Markets industry which returned 9% over the past year.

Return vs Market: APAM exceeded the US Market which returned 19% over the past year.


Shareholder returns

APAMIndustryMarket
7 Day3.2%3.0%1.8%
30 Day8.9%9.1%6.0%
90 Day23.7%10.3%6.8%
1 Year69.2%57.7%14.5%11.7%23.2%20.4%
3 Year64.0%21.1%32.7%22.4%47.4%37.6%
5 Year100.3%22.3%82.0%59.5%91.9%70.8%

Long-Term Price Volatility Vs. Market

How volatile is Artisan Partners Asset Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Artisan Partners Asset Management undervalued compared to its fair value and its price relative to the market?

6.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APAM ($47.12) is trading below our estimate of fair value ($50.29)

Significantly Below Fair Value: APAM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: APAM is good value based on its PE Ratio (15.7x) compared to the US Capital Markets industry average (22.6x).

PE vs Market: APAM is good value based on its PE Ratio (15.7x) compared to the US market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: APAM is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: APAM is overvalued based on its PB Ratio (19.9x) compared to the US Capital Markets industry average (4.7x).


Next Steps

Future Growth

How is Artisan Partners Asset Management forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APAM's forecast earnings growth (17.5% per year) is above the savings rate (2.2%).

Earnings vs Market: APAM's earnings (17.5% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: APAM's earnings are forecast to grow, but not significantly.

Revenue vs Market: APAM's revenue (12.1% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: APAM's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APAM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Artisan Partners Asset Management performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APAM has high quality earnings.

Growing Profit Margin: APAM's current net profit margins (19.2%) are higher than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: APAM's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: APAM's earnings growth over the past year (30.9%) exceeds its 5-year average (22.8% per year).

Earnings vs Industry: APAM earnings growth over the past year (30.9%) exceeded the Capital Markets industry 3%.


Return on Equity

High ROE: APAM's Return on Equity (126%) is considered outstanding.


Next Steps

Financial Health

How is Artisan Partners Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: APAM's short term assets ($347.0M) exceed its short term liabilities ($204.0M).

Long Term Liabilities: APAM's short term assets ($347.0M) do not cover its long term liabilities ($664.6M).


Debt to Equity History and Analysis

Debt Level: APAM's debt to equity ratio (85.4%) is considered high.

Reducing Debt: APAM's debt to equity ratio has reduced from 169.1% to 85.4% over the past 5 years.

Debt Coverage: APAM's debt is well covered by operating cash flow (180.5%).

Interest Coverage: APAM's interest payments on its debt are well covered by EBIT (37x coverage).


Balance Sheet


Next Steps

Dividend

What is Artisan Partners Asset Management current dividend yield, its reliability and sustainability?

7.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APAM's dividend (7.19%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: APAM's dividend (7.19%) is in the top 25% of dividend payers in the US market (4.15%)


Stability and Growth of Payments

Stable Dividend: APAM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: APAM's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.3%), APAM's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APAM's dividends in 3 years are not forecast to be well covered by earnings (103.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Eric Colson (51 yo)

9.67yrs

Tenure

US$5,845,406

Compensation

Mr. Eric Richard Colson, CFA is the Chief Executive Officer and President at Artisan Partners Asset Management Inc. since March 2011 and has been its Chairman since August 1, 2015, and Director since March...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD5.85M) is about average for companies of similar size in the US market ($USD5.19M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Eric Colson
Chairman9.67yrsUS$5.85m0.20%
$ 7.2m
Charles Daley
Executive VP9.67yrsUS$2.36m0.073%
$ 2.6m
Sarah Johnson
Executive VP7.08yrsUS$1.60m0.075%
$ 2.7m
Gregory Ramirez
Executive Vice President7.08yrsUS$1.51m0.067%
$ 2.4m
Jason Gottlieb
Executive VP & COO of Investments4.08yrsUS$3.71m0.13%
$ 4.7m
Makela Taphorn
Director of Management Reporting & Investor Relationsno datano datano data
Daniel O'Keefe
MD and Portfolio Manager of Global Value & Select Equity Strategies0.083yrno data1.6%
$ 57.1m
James Hamman
Executive Vice President4.75yrsUS$1.68m0.062%
$ 2.2m
Bryan Krug
MD & Portfolio Manager of High Income Strategy2.83yrsno datano data
Maria Gruson
MD & Portfolio Manager of Emerging Markets Teamno datano datano data
Michael McKinnon
MD and Co-Portfolio Manager of Global Value & Select Equity Strategies0.083yrno datano data
Rezo Kanovich
MD & Portfolio Manager2.08yrsno datano data

4.4yrs

Average Tenure

50yo

Average Age

Experienced Management: APAM's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eric Colson
Chairman9.67yrsUS$5.85m0.20%
$ 7.2m
Matthew Barger
Independent Director7.75yrsUS$190.00kno data
Stephanie DiMarco
Independent Director7.75yrsUS$200.00k0.12%
$ 4.1m
Jeffrey Joerres
Independent Director7.75yrsUS$190.00k0.0057%
$ 203.2k
Tench Coxe
Independent Director7.75yrsUS$150.00k0.28%
$ 10.0m
Andrew Ziegler
Lead Independent Director5.25yrsUS$200.00kno data
Jennifer Barbetta
Independent Director0.083yrno datano data

7.8yrs

Average Tenure

62yo

Average Age

Experienced Board: APAM's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APAM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Artisan Partners Asset Management Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Artisan Partners Asset Management Inc.
  • Ticker: APAM
  • Exchange: NYSE
  • Founded: 1994
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$3.564b
  • Market Cap: US$2.894b
  • Shares outstanding: 78.58m
  • Website: https://www.artisanpartners.com

Number of Employees


Location

  • Artisan Partners Asset Management Inc.
  • 875 East Wisconsin Avenue
  • Suite 800
  • Milwaukee
  • Wisconsin
  • 53202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APAMNYSE (New York Stock Exchange)YesClass A Common StockUSUSDMar 2013
AP0DB (Deutsche Boerse AG)YesClass A Common StockDEEURMar 2013

Biography

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, governm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 23:38
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.