IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
APAM Stock Analysis: Top Mid-Cap Hold (Score 55.0/100) | Blank Capital Research | Blank Capital Research
APAM
Artisan Partners Asset Management Inc.
$36.82
-0.22 (-0.59%)
Score55.0
Data as of Apr 6, 2026
APAM
Artisan Partners Asset Management Inc.
FinancialsTrading
$36.82
-0.22 (-0.59%)
Open $36.98High $36.99Low $36.61Prev $37.04Vol ---52W: $32.75 – $48.50
Hold
Composite score
01234567890123456789.0123456789
Global rank
#1,053
Percentile
Top 24%
Business quality
80th
percentile
Exceptional capital efficiency and structural profitability. This enterprise generates superior returns on invested capital compared to industry peers.
Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 80GRADE A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
76.1%
Sector: 8.5%
Dividend Analysis audit
HIGH YIELD
8.23%
Trailing Yield
$8.23
Per $100 Invested
Attractive yield supported by strong profitability.
Est. Payout Ratio
57%SAFE
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
Sign up for free access to institutional-quality research tools.
Based on our 6-factor quantitative model, Artisan Partners Asset Management Inc. (APAM) receives a "Hold" rating with a composite score of 55.0/100, ranked #1053 out of 4446 stocks. Key factor scores: Quality 80/100, Value 77/100, Momentum 35/100. This is quantitative analysis only — not investment advice.
Artisan Partners Asset Management Inc. (APAM) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Artisan Partners Asset Management Inc. Do?
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. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom. Artisan Partners Asset Management Inc. (APAM) is classified as a mid-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO Eric R. Colson and employs approximately 500 people, headquartered in MILWAUKEE, Wisconsin. With a market capitalization of $2.6B, APAM is one of the notable companies in the Financials sector.
Artisan Partners Asset Management Inc. (APAM) Stock Rating — Hold (April 2026)
As of April 2026, Artisan Partners Asset Management Inc. receives a Hold rating with a composite score of 55.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.APAM ranks #1,053 out of 4,446 stocks in our coverage universe. Within the Financials sector, Artisan Partners Asset Management Inc. ranks #325 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
APAM Stock Price and 52-Week Range
Artisan Partners Asset Management Inc. (APAM) currently trades at $36.82. The stock lost $0.22 (0.6%) in the most recent trading session. The 52-week high for APAM is $48.50, which means the stock is currently trading -24.1% from its annual peak. The 52-week low is $32.75, putting the stock 12.4% above its annual trough. Recent trading volume was 422K shares, suggesting relatively thin trading activity.
Is APAM Overvalued or Undervalued? — Valuation Analysis
Artisan Partners Asset Management Inc. (APAM) carries a value factor score of 77/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 6.88x, compared to the Financials sector average of 14.88x — a discount of 54%. The price-to-book ratio stands at 5.24x, versus the sector average of 1.22x. The price-to-sales ratio is 2.19x, compared to 0.90x for the average Financials stock. On an enterprise value basis, APAM trades at 7.35x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, Artisan Partners Asset Management Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
Artisan Partners Asset Management Inc. Profitability — ROE, Margins, and Quality Score
Artisan Partners Asset Management Inc. (APAM) earns a quality factor score of 80/100, reflecting elite profitability and capital efficiency that places it among the highest-quality businesses in the market. The return on equity (ROE) is 76.1%, compared to the Financials sector average of 8.5%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 23.1% versus the sector average of 1.2%.
On a margin basis, Artisan Partners Asset Management Inc. reports gross margins of 0.0%. The operating margin is 31.1% (sector: 21.8%). Net profit margin stands at 31.9%, versus 17.7% for the average Financials stock. Revenue growth is running at 9.0% on a trailing basis, compared to 9.4% for the sector. These metrics collectively paint a picture of a highly profitable business with durable competitive advantages.
APAM Debt, Balance Sheet, and Financial Health
Artisan Partners Asset Management Inc. has a debt-to-equity ratio of 40.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.98x, suggesting adequate working capital coverage. Total debt on the balance sheet is $190M. Cash and equivalents stand at $342M.
APAM has a beta of 1.10, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Artisan Partners Asset Management Inc. is 71/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Artisan Partners Asset Management Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Artisan Partners Asset Management Inc. reported revenue of $1.14B and earnings per share (EPS) of $4.05. Net income for the quarter was $364M. Gross margin was 0.0%. Operating income came in at $548M.
In FY 2025, Artisan Partners Asset Management Inc. reported revenue of $1.20B and earnings per share (EPS) of $4.05. Net income for the quarter was $378M. Revenue grew 7.6% year-over-year compared to FY 2024. Operating income came in at $400M.
In Q3 2025, Artisan Partners Asset Management Inc. reported revenue of $301M and earnings per share (EPS) of $0.93. Net income for the quarter was $86M. Revenue grew 6.7% year-over-year compared to Q3 2024. Operating income came in at $102M.
In Q2 2025, Artisan Partners Asset Management Inc. reported revenue of $283M and earnings per share (EPS) of $0.94. Net income for the quarter was $96M. Revenue grew 2.3% year-over-year compared to Q2 2024. Operating income came in at $80M.
Over the past 8 quarters, Artisan Partners Asset Management Inc. has demonstrated a growth trajectory, with revenue expanding from $276M to $1.14B. Investors analyzing APAM stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
APAM Dividend Yield and Income Analysis
Artisan Partners Asset Management Inc. (APAM) currently pays a dividend yield of 8.2%. At this yield, a $10,000 investment in APAM stock would generate approximately $$823.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning APAM offers above-average income for its sector. With a net margin of 31.9%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
APAM Momentum and Technical Analysis Profile
Artisan Partners Asset Management Inc. (APAM) has a momentum factor score of 35/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 7/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
APAM vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing APAM against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full APAM vs S&P 500 (SPY) comparison to assess how Artisan Partners Asset Management Inc. stacks up against the broader market across all factor dimensions.
APAM Next Earnings Date
No upcoming earnings date has been announced for Artisan Partners Asset Management Inc. (APAM) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy APAM? — Investment Thesis Summary
Artisan Partners Asset Management Inc. presents a balanced picture with arguments on both sides. The quality score of 80/100 indicates above-average profitability and business fundamentals. The value score of 77/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 35/100, a headwind for near-term performance. Low volatility (stability score 71/100) reduces downside risk.
In summary, Artisan Partners Asset Management Inc. (APAM) earns a Hold rating with a composite score of 55.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on APAM stock.
We'll email you when stocks you follow change their composite rating.
Institutional Research Dossier
Artisan Partners Asset Management Inc. (APAM) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Artisan Partners Asset Management Inc. (APAM) is a well-established, diversified asset management firm with a Hold rating in our model. While the company boasts strong profitability, a robust value proposition, and a stable operating history, its lack of momentum and suboptimal capital allocation have kept its overall score muted. The key consideration for investors will be whether APAM's premium valuation is justified by its fundamentals and competitive positioning.
Business Strategy & Overview
Artisan Partners is a publicly traded investment management firm that provides its services to a diverse range of clients, including pension and profit-sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds, and mutual funds. The firm manages separate client-focused equity and fixed-income portfolios, investing across the global public equity and fixed-income markets.
Artisan's investment approach is rooted in fundamental analysis, with teams of experienced investment professionals conducting in-depth research to identify growth and value opportunities across the market capitalization spectrum. The firm operates through multiple autonomous investment teams, each with its own investment philosophy and decision-making process, allowing for a diversity of investment strategies and risk profiles within the overall Artisan platform.
Artisan's business model is centered around generating strong, risk-adjusted investment returns for its clients, which in turn drives growth in its assets under management (AUM) and associated management and performance fees. The firm's success is largely dependent on its ability to attract and retain top investment talent, deliver consistent investment performance, and adapt its offerings to evolving client preferences and market conditions.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
9.0%
Sector: 9.4%
IN LINE
Economic Moat Analysis
Artisan Partners' primary competitive advantage lies in its diversified, multi-boutique investment platform and its ability to attract and retain talented investment professionals. The firm's autonomous investment teams, each with their own specialized expertise and investment processes, allow Artisan to offer a broad range of investment strategies and cater to the varying needs and risk profiles of its diverse client base.
Additionally, Artisan's strong track record of investment performance and client service has helped the firm establish a reputation for quality and reliability, contributing to its ability to attract and retain client assets. The firm's institutional-quality infrastructure, including robust risk management and compliance systems, further enhances its value proposition and reinforces client trust.
However, Artisan's moat is not impenetrable. The asset management industry is highly competitive, and the firm faces ongoing challenges in maintaining its performance edge, retaining key investment talent, and adapting to evolving client preferences and industry trends. Moreover, the firm's reliance on performance-based fees and the inherent volatility of investment returns introduce uncertainty and potential vulnerability to its revenue stream.
Financial Health & Profitability
Artisan Partners has demonstrated robust financial performance, with a track record of strong profitability and cash flow generation. The company's revenue and net income have grown at a healthy pace in recent years, with the trailing-twelve-month (TTM) revenue and net income standing at $1.20 billion and $377.88 million, respectively.
Artisan's profitability metrics are impressive, with a TTM operating margin of 31.1% and a net margin of 31.9%, both significantly higher than the sector averages. The firm's return on equity (ROE) of 76.1% is also exceptionally strong, highlighting its efficient deployment of capital.
Artisan's balance sheet is relatively conservative, with a debt-to-equity ratio of 40.0%, significantly lower than the sector average of 115.0%. The company's ample liquidity, as evidenced by a current ratio of 1.98, provides a cushion to weather potential market volatility or unexpected challenges.
However, the firm's capital allocation and growth strategy have been less stellar, as reflected in its relatively low Investment score of 29/100. The company's ability to consistently generate strong free cash flow and deploy it effectively to drive long-term shareholder value will be a key focus area for investors.
Valuation Assessment
Artisan Partners' stock currently appears to be trading at a significant discount to its intrinsic value. The company's P/E ratio of 8.9x is well below the sector average of 15.5x, and its EV/EBITDA multiple of 1.7x is also substantially lower than the sector's 3.5x.
From a free cash flow perspective, Artisan's TTM free cash flow yield of 4.2% is notably higher than the sector median, suggesting the stock may be undervalued. Additionally, the firm's strong profitability and healthy balance sheet further support the case for a premium valuation.
However, investors should be mindful that Artisan's valuation premium is largely driven by its exceptional profitability and returns, which may not be sustainable in the long run. The company's relatively low Investment and Momentum scores indicate potential challenges in maintaining its competitive edge and driving consistent growth.
Overall, while Artisan Partners' stock appears attractively valued based on its current financial metrics, the sustainability of its premium positioning and the company's ability to capitalize on its strengths will be critical factors in determining its long-term investment appeal.
Risk & Uncertainty
Artisan Partners faces several key risks that could undermine its investment thesis. The asset management industry is highly competitive, and the firm must continuously adapt its strategies and product offerings to stay relevant and meet evolving client demands. The loss of key investment talent or the inability to attract new, high-caliber professionals could impair Artisan's investment performance and erode its client base.
Additionally, Artisan's reliance on performance-based fees exposes it to the inherent volatility of investment returns, which can lead to significant fluctuations in its revenue and profitability. Regulatory changes, such as increased scrutiny on fees or fiduciary responsibilities, could also impact the firm's business model and profitability.
Artisan's diversified investment platform and autonomous team structure introduce operational complexities and potential coordination challenges that must be effectively managed to maintain the firm's competitive edge. Finally, any significant market downturns or macroeconomic shocks could adversely affect the firm's AUM and financial performance.
Bulls Say / Bears Say
The Bull Case
BULL VIEWArtisan Partners' diversified, multi-boutique investment platform and its ability to attract and retain top investment talent give the firm a competitive advantage in the asset management industry.
BULL VIEWThe company's strong track record of investment performance and client service has helped it establish a reputation for quality and reliability, contributing to its ability to attract and retain client assets.
The Bear Case
BEAR VIEWThe asset management industry is highly competitive, and Artisan Partners faces ongoing challenges in maintaining its performance edge, retaining key investment talent, and adapting to evolving client preferences and industry trends.
BEAR VIEWArtisan's reliance on performance-based fees and the inherent volatility of investment returns introduce uncertainty and potential vulnerability to its revenue stream.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score APAM and 4,400+ other equities.
Artisan Partners Asset Management Inc. exhibits a 136% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
23.1%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
31.1%
Sector: 21.8%
Net Margin
Bottom-line profitability
31.9%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+232%
Income Projection audit
A $10,000 investment would generate approximately $823 annually in dividends at the current trailing rate.
