Artisan Partners Asset Management
Market Cap
US$4.3b
Last Updated
2021/01/15 00:21 UTC
Data Sources
Company Financials +
Executive Summary
Artisan Partners Asset Management Inc. is publicly owned investment manager. More Details
Rewards
Risk Analysis
Dividend of 6.31% is not well covered by earnings or forecast to be in the next 3 years
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
2.9%
APAM
1.1%
US Capital Markets
0.6%
US Market
1 Year Return
52.6%
APAM
17.5%
US Capital Markets
21.0%
US Market
Return vs Industry: APAM exceeded the US Capital Markets industry which returned 19.9% over the past year.
Return vs Market: APAM exceeded the US Market which returned 22% over the past year.
Shareholder returns
| APAM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 1.1% | 0.6% |
| 30 Day | 10.7% | 9.6% | 4.2% |
| 90 Day | 16.8% | 21.3% | 12.4% |
| 1 Year | 63.8%52.6% | 20.4%17.5% | 23.7%21.0% |
| 3 Year | 83.2%35.3% | 34.2%23.9% | 47.4%37.6% |
| 5 Year | 192.4%78.6% | 157.8%125.5% | 131.6%105.9% |
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
2 weeks ago | Simply Wall St
Investors Holding Back On Artisan Partners Asset Management Inc. (NYSE:APAM)1 month ago | Simply Wall St
Does Artisan Partners Asset Management's (NYSE:APAM) CEO Salary Compare Well With Industry Peers?1 month ago | Simply Wall St
Did Artisan Partners Asset Management's (NYSE:APAM) Share Price Deserve to Gain 52%?Valuation
Is Artisan Partners Asset Management undervalued compared to its fair value and its price relative to the market?
5.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APAM ($53.71) is trading below our estimate of fair value ($56.65)
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 (18x) compared to the US Capital Markets industry average (28x).
PE vs Market: APAM is good value based on its PE Ratio (18x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: APAM is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: APAM is overvalued based on its PB Ratio (22.7x) compared to the US Capital Markets industry average (5.2x).
Next Steps
Future Growth
How is Artisan Partners Asset Management forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
34.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APAM's forecast earnings growth (34.6% per year) is above the savings rate (2%).
Earnings vs Market: APAM's earnings (34.6% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APAM's revenue (12.9% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: APAM's revenue (12.9% 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 4.9%.
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?
6.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APAM's dividend (6.31%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: APAM's dividend (6.31%) is in the top 25% of dividend payers in the US market (3.88%)
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 (107.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Eric Colson (51 yo)
9.83yrs
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 ($USD4.99M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.83yrs | US$5.85m | 0.20% $ 8.7m | |
| Executive VP | 9.83yrs | US$2.36m | 0.073% $ 3.1m | |
| Executive VP | 7.25yrs | US$1.60m | 0.075% $ 3.2m | |
| Executive Vice President | 7.25yrs | US$1.51m | 0.067% $ 2.8m | |
| Executive VP & COO of Investments | 4.25yrs | US$3.71m | 0.13% $ 5.7m | |
| Director of Management Reporting & Investor Relations | no data | no data | no data | |
| MD and Lead Portfolio Manager of Global Value & Select Equity Strategies | 0.25yr | no data | 1.6% $ 68.5m | |
| Executive Vice President | 4.92yrs | US$1.68m | 0.062% $ 2.6m | |
| MD & Portfolio Manager of High Income Strategy | 3yrs | no data | no data | |
| MD & Portfolio Manager of Emerging Markets Team | no data | no data | no data | |
| MD and Portfolio Manager of Global Value & Select Equity Strategies | 0.25yr | no data | no data | |
| MD & Portfolio Manager | 2.25yrs | no data | no data |
4.6yrs
Average Tenure
50yo
Average Age
Experienced Management: APAM's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.83yrs | US$5.85m | 0.20% $ 8.7m | |
| Independent Director | 7.92yrs | US$190.00k | no data | |
| Independent Director | 7.92yrs | US$200.00k | 0.12% $ 4.9m | |
| Independent Director | 7.92yrs | US$190.00k | 0.0057% $ 243.7k | |
| Independent Director | 7.92yrs | US$150.00k | 0.28% $ 12.0m | |
| Lead Independent Director | 5.42yrs | US$200.00k | no data | |
| Independent Director | 0.25yr | no data | no data |
7.9yrs
Average Tenure
62yo
Average Age
Experienced Board: APAM's board of directors are considered experienced (7.9 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$4.276b
- Market Cap: US$3.299b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APAM | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Mar 2013 |
| AP0 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 00:21 |
| End of Day Share Price | 2021/01/14 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.