Artisan Partners Asset Management Inc. (APAM) Stock

Artisan Partners Asset Management Inc. (APAM) is a Financials stock trading at $42.06 (as of 2026-08-20), with a market capitalization of $3.41B and a trailing P/E of 11.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Artisan Partners Asset Management Inc. is an investment manager that provides separate client accounts focused on equity and fixed income. It serves pension and profit-sharing plans, trusts, endowments, foundations, charities, government entities, private and non-U.S. funds, and mutual funds, managing portfolios investing in global public equity and fixed income markets.

Understand Artisan Partners Asset Management Inc.: how it makes money

Artisan Partners Asset Management manages separate equity and fixed income portfolios for a wide range of institutional and retail-type investors, and it makes money through investment management services, including performance fee revenue tied to portfolio results.

Profitability is structurally linked to performance fee revenue, meaning investment performance in its equity and fixed income portfolios can directly influence results.

Business quality (Strong): In the latest quarter, operating margin was 31.1% on about $0.3B revenue, suggesting solid profitability, but the presence of performance fee revenue indicates results may vary with investment performance.

Valuation: At 9× earnings, APAM trades 73% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Portfolio management across equities and fixed income: The firm manages separate client-focused equity and fixed income portfolios, investing globally across public equity and fixed income markets.
  • Performance fee revenue is a measurable driver: Performance Fee Revenue contributed about $0.03B in the latest period, showing performance-based economics are part of how results are generated.

Bear case

  • Sensitivity to performance-linked revenue: Because Performance Fee Revenue is part of results, periods of weaker investment performance can reduce that revenue stream.
  • Revenue headwinds showed up in the quarter: Revenue Decrease is also about $0.03B in the latest period, indicating reported revenue was pressured.
Valuation — source: SEC EDGAR (first-party)
Price$42.06
Market Cap$3.41B
P/E Ratio11.3
EV / EBITDA7.7
Price / Book7.33
Price / Sales2.73
FCF Yield11.4%
DCF Value (model)$75.38
DCF Upside vs Price79.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.20B
Net Margin24.3%
Revenue Growth (YoY)8.9%
EPS Growth (YoY)18.1%
FCF Growth (YoY)126.9%
Valuation vs Sector & Industry
Stock P/E11.3
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector-25.0%
vs Industry-67.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($377.01M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorFinancials
IndustryTrading
CEOJason A. Gottlieb
Employees584
CountryUS
IPO Date2013-03-07

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

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APAM earnings history · APAM institutional & insider holders · APAM KPIs & operating metrics · APAM financials · APAM investor presentations & press releases · APAM SEC filings · APAM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.