Artisan Partners Asset Management Inc (APAM US)

APAM US$40.21

20 minute delayed

Today ▲ 0.95%

1 year return ▼ -10.76%

Volume 265,508

Div yield 8.69%

PE ratio 9.39

52 week range

30.87 46.53

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Performance

Share price activity

Last (Price): 40.21
Change: ▲ 0.38 (0.95)
Bid / Ask: 40.22 - 40.27
Volume: 265,508
Turnover: 3,437,002
Open: 39.88
Day Range: 39.17 - 40.45
VWAP: 40.08
Prev Close: 39.83
Last Trade: 10/11 7:00pm

Key information

Sector: Financial Services
Shares Issued: 71,019,106
NTA/Share: 11.10
Last Dividend: 0.80
Dividend Ex Date: 17 AUG 2026
Dividend Pay Date: 31 AUG 2026

Current (USD) · FY2025

Revenue: 1,196.69
EBITDA: 497.70
Profit: 265.87
Earnings Per Share (EPS): 4.05
Dividend Per Share (DPS): 3.63
Yield %: 8.70
Market Cap: 2,855.68
Price to Earnings Ratio (P/E): 9.39

Estimates (USD) · FY2027

Revenue: 1,230.20
EBITDA: —
Profit: 294.90
Earnings Per Share (EPS): 3.56
Dividend Per Share (DPS): 3.06

Quantitative rating

Fairly valued

Economic Moat: Narrow
Financial Health: Strong
Uncertainty: Medium

Morningstar Quantitative Rating as of 5 NOV 2026.

Quantitative Equity Rating Methodology – view here

Fair value estimate

Five-star price 35.67 Fair value 41.67 One-star price 48.67

Morningstar Quantitative Rating as of 5 NOV 2026.

Quantitative valuation

Buy Sell

Fair Value: 41.67
Price / Fair Value: 0.95
Valuation: Fairly valued
Uncertainty: Medium

Morningstar Quantitative Rating as of 5 NOV 2026. The slider runs from the five-star price (35.67) to the one-star price (48.67).

Ratios
Currency (Price/reporting): USD/USD
Exchange Rate: 1.0000

Price - closing or last bid	40.46
Price - 12 month high	46.53
Price - 12 month low	30.87
Pricing date	4 NOV 2026
Volume - avg. trading volume for the last ten days	1.42
Market capitalization	2,825.14
12 Month High price date	10 FEB 2026
12 Month Low price date	13 OCT 2026
Volume - avg. trading volume for the last 3 months	1.04
Price - 1 Day % Change	4.68%
Price - 13 week price percent change	-5.25%
Price - 26 week price percent change	9.80%
Price - 5 Day % Change	16.50%
Price - 52 week price percent change	-7.31%
Price - YTD price percent change	-1.39%
Price % Change Month To Date	16.00%

EPS excluding extraordinary items - most recent fiscal year	4.050
EPS excluding extraordinary items - trailing 12 month	4.280
EPS Normalized - most recent fiscal year	3.348
Revenue/share - most recent fiscal year	18.241
Revenue/share - trailing 12 month	19.032
Book value per share - most recent fiscal year	6.227
Book value per share - most recent quarter	6.243
Book value (tangible) per share - most recent fiscal year	11.102
Book value (tangible) per share - most recent quarter	7.574
Cash per share - most recent fiscal year	3.626
Cash per share - most recent quarter	5.323
Cash Flow per share - most recent fiscal year	2.294
Cash Flow per share - trailing 12 month	4.395
Dividend per share - most recent fiscal year	3.630
Dividends per share - trailing 12 month	3.460
EBITD per share - trailing 12 month	7.200
EPS Basic excluding extraordinary items - most recent fiscal year	4.050
EPS Basic excluding extraordinary items - trailing 12 month	4.280
EPS including extraordinary items - most recent fiscal year	4.050
EPS including extraordinary items - trailing 12 month	4.280
Free Cash Flow per share - trailing 12 month	4.351

P/E excluding extraordinary items, most recent fiscal year	9.29
P/E Normalized, most recent fiscal year	9.79
Price to sales - most recent fiscal year	2.09
Price to Tangible Book - most fiscal year	7.14
Price to Free Cash Flow per Share - most recent fiscal year	9.14
Price to Cash Flow per share - trailing 12 month	9.05
Price to Book - most recent fiscal year	6.37
P/E excluding extraordinary items high, trailing 12 months	12.25
P/E excluding extraordinary items low, trailing 12 months	7.53
Net Debt, LFI	-65.00
Net Debt, LFY	54.52
Dividend Yield - 5 Year Average	7.36%
Dividend Yield - indicated annual dividend divided by closing price	8.95%
Current Dividend Yield - Common Stock Primary Issue, LTM	8.70%

Free Cash Flow - most recent fiscal year	149.83
LT debt/equity - most recent fiscal year	39.62%
Payout ratio - most recent fiscal year	89.63%
Total debt/total equity - most recent fiscal year	39.62%
LT debt/equity - most recent quarter	53.45%
Total debt/total equity - most recent quarter	53.45%
Free Cash Flow - trailing 12 month	287.80
Payout ratio - trailing 12 month	94.16%

Revenue - most recent fiscal year	1,196.69
Revenue - trailing 12 month	1,258.94
EBITD - most recent fiscal year	497.70
EBITD - trailing 12 month	476.25
Earnings before taxes - most recent fiscal year	489.13
Earnings before taxes - trailing 12 month	468.98
Net Income available to common - most recent fiscal year	265.87
Net Income available to common - trailing 12 months	300.80
Earnings before taxes Normalized - most recent fiscal year	429.56
Net Income Available to Common, Normalized - most recent fiscal year	—
Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM	4.06

Net Profit Margin % - 1st historical fiscal year	31.58%
Net Profit Margin % - trailing 12 month	29.80%
Operating margin - 1st historical fiscal year	33.39%
Operating margin - trailing 12 month	33.37%
Pretax margin - trailing 12 month	37.25%
Pretax margin - 1st historical fiscal year	40.87%
Operating Margin - 5 year average	35.24%
Pretax Margin - 5 year average	39.24%
Free Operating Cash Flow/Revenue, 5 Year Average	24.54%
Free Operating Cash Flow/Revenue, TTM	22.86%
Net Profit Margin - 5 year average	31.25%

Return on average assets - most recent fiscal year	24.88%
Return on average assets - trailing 12 month	24.77%
Return on average equity - most recent fiscal year	96.00%
Return on average equity - trailing 12 month	89.62%
Return on average assets - 5 year average	24.20%
Return on average equity - 5 year average	112.31%
Net Income/employee - most recent fiscal year	666,453.26
Revenue/employee - most recent fiscal year	2,110,560.85

Revenue growth rate, 5 year	5.87%
EPS growth rate, 5 year	3.56%
Growth rate% - dividend, 3 year	1.99%
Revenue/share (5 yr growth)	2.44%
Growth rate% - Revenue, 3 year	6.41%
Growth rate% - EPS, 3 year	11.27%
Book value per share growth rate, 5 year	16.85%
Capital Spending growth rate, 5 year	-26.23%
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR	5.17%

Financial forecast (USD, millions except per share)

	Actuals	Estimates
	2025	2026	2027	2028

Financials (USD, millions)

Period end:	DEC 21	DEC 22	DEC 23	DEC 24	DEC 25
Fiscal year:	2021	2022	2023	2024	2025
Period length:	12 months	12 months	12 months	12 months	12 months

Announcements

Announcements are available for ASX-listed companies only.

Opinion

12/11/2026 09:39

Artisan Partners (NYSE: APAM) US$38.50

APAM is a US$3bn manager which offers an interesting comparison with both Regal and GQG, although its business model is closer to GQG. The US-based active manager operates through autonomous investment teams across equities, credit and alternative assets, managing approximately US$168 billion as of October 2026. Unlike Regal’s more performance-fee-driven alternatives model, Artisan relies predominantly on management fees, averaging ~70 basis points, with performance fees contributing very little.

Business Summary

Artisan Partners Asset Management Inc is a investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. The company operates as one segment in the investment management business. The company generates maximum portion of its revenues from clients domiciled in countries outside the United States.