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APAM

Artisan Partners Asset ManagementNYSE:APAM Stock Report

Market Cap

US$3.6b

7D

-9.5%

1Y

-2.7%

Updated

01 Dec, 2021

Data

Company Financials +
APAM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends4/6

APAM Stock Overview

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

Artisan Partners Asset Management Competitors

Blackstone

NYSE:BX

US$178.4b

BlackRock

NYSE:BLK

US$141.0b

KKR

NYSE:KKR

US$65.3b

T. Rowe Price Group

NasdaqGS:TROW

US$44.9b

Price History & Performance

Summary of all time highs, changes and price drops for Artisan Partners Asset Management
Historical stock prices
Current Share PriceUS$44.73
52 Week HighUS$57.65
52 Week LowUS$44.34
Beta1.78
1 Month Change-9.71%
3 Month Change-13.75%
1 Year Change-2.74%
3 Year Change75.96%
5 Year Change47.87%
Change since IPO15.73%

Recent News & Updates

Nov 25

Artisan Partners: Organic Future Growth With An 8.66% Dividend Yield

Artisan can be a great choice for both income and growth investors as the stock is undervalued at the moment. APAM is less exposed to the asset management sector’s emerging risk of passive investment vehicles compared to its peers. Dividend payments seem stable, secure, and dividend sustainability is the management’s priority.

Oct 13
Does Artisan Partners Asset Management (NYSE:APAM) Deserve A Spot On Your Watchlist?

Does Artisan Partners Asset Management (NYSE:APAM) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Aug 07
Artisan Partners Asset Management (NYSE:APAM) Is Paying Out A Larger Dividend Than Last Year

Artisan Partners Asset Management (NYSE:APAM) Is Paying Out A Larger Dividend Than Last Year

Artisan Partners Asset Management Inc. ( NYSE:APAM ) will increase its dividend on the 31st of August to US$1.00. This...

Shareholder Returns

APAMUS Capital MarketsUS Market
7D-9.5%-3.7%-2.8%
1Y-2.7%44.8%20.0%

Return vs Industry: APAM underperformed the US Capital Markets industry which returned 50.4% over the past year.

Return vs Market: APAM underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is APAM's price volatile compared to industry and market?
APAM volatility
APAM Average Weekly Movement4.7%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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.

About the Company

FoundedEmployeesCEOWebsite
1994453Eric Colsonhttps://www.artisanpartners.com

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, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S.

Artisan Partners Asset Management Fundamentals Summary

How do Artisan Partners Asset Management's earnings and revenue compare to its market cap?
APAM fundamental statistics
Market CapUS$3.57b
Earnings (TTM)US$295.43m
Revenue (TTM)US$1.17b

12.0x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APAM income statement (TTM)
RevenueUS$1.17b
Cost of RevenueUS$539.43m
Gross ProfitUS$633.80m
ExpensesUS$338.38m
EarningsUS$295.43m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.74
Gross Margin54.02%
Net Profit Margin25.18%
Debt/Equity Ratio54.1%

How did APAM perform over the long term?

See historical performance and comparison

Dividends

9.5%

Current Dividend Yield

78%

Payout Ratio

Valuation

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

42.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APAM ($44.73) is trading below our estimate of fair value ($77.75)

Significantly Below Fair Value: APAM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APAM is good value based on its PE Ratio (12x) compared to the US Capital Markets industry average (15x).

PE vs Market: APAM is good value based on its PE Ratio (12x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APAM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APAM is good value based on its PB Ratio (14.2x) compared to the US Capital Markets industry average (50.3x).


Future Growth

How is Artisan Partners Asset Management forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if APAM's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if APAM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APAM's revenue (7.4% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: APAM's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APAM's Return on Equity is forecast to be very high in 3 years time (153.4%).


Past Performance

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

33.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APAM has high quality earnings.

Growing Profit Margin: APAM's current net profit margins (25.2%) are higher than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: APAM's earnings have grown significantly by 33.3% per year over the past 5 years.

Accelerating Growth: APAM's earnings growth over the past year (81.8%) exceeds its 5-year average (33.3% per year).

Earnings vs Industry: APAM earnings growth over the past year (81.8%) underperformed the Capital Markets industry 87.1%.


Return on Equity

High ROE: APAM's Return on Equity (120.9%) is considered outstanding.


Financial Health

How is Artisan Partners Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: APAM's short term assets ($443.9M) exceed its short term liabilities ($225.7M).

Long Term Liabilities: APAM's short term assets ($443.9M) do not cover its long term liabilities ($664.9M).


Debt to Equity History and Analysis

Debt Level: APAM has more cash than its total debt.

Reducing Debt: APAM's debt to equity ratio has reduced from 166.2% to 54.1% over the past 5 years.

Debt Coverage: APAM's debt is well covered by operating cash flow (212.7%).

Interest Coverage: APAM's interest payments on its debt are well covered by EBIT (61x coverage).


Balance Sheet


Dividend

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

9.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APAM's dividend (9.46%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: APAM's dividend (9.46%) is in the top 25% of dividend payers in the US market (3.57%)


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 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.1%), APAM's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APAM's dividends in 3 years are forecast to be covered by earnings (88.5% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Eric Colson (52 yo)

10.67yrs

Tenure

US$7,528,634

Compensation

Mr. Eric Richard Colson, CFA is the Chief Executive Officer at Artisan Partners Asset Management Inc. since March 2011 and Director since March 2011 and served as its President since March 2011 to January...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD7.53M) is above average for companies of similar size in the US market ($USD5.21M).

Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: APAM's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: APAM's board of directors are considered experienced (8.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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$3.573b
  • Market Cap: US$2.917b
  • Shares outstanding: 79.04m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:09
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.