Stocks · Financial Services · Asset Management
Artisan Partners Asset Management Inc. APAM
$34.88 -3.65% Close, Oct 2, 2026 · NYSE · Market cap $2.48B
Weak trendInexpensive vs sector
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 8.6× trailing earnings, lower than 86% of the company's own readings over the past five years.
- Revenue over the last four quarters was $1.42B, up 25.2% from a year earlier, accelerating from 9.4% a quarter earlier.
- The company holds net cash of $19.6M (cash above total debt).
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 17%
- EPS growth (TTM, YoY)Bottom 37%
- FCF growth (TTM, YoY)Bottom 17%
- Revenue growth, 3-year CAGRBottom 19%
- Revenue growth accelerationTop 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 4%
- Gross marginBottom 43%
- Operating marginTop 28%
- Cash conversion (OCF / net income)Bottom 33%
- Accruals (lower is better)Bottom 17%
- Net debt / EBITDA (lower is better)Top 27%
- Interest coverTop 1%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 11%
- Free-cash-flow yieldTop 32%
- EBITDA / enterprise valueTop 8%
- Sales / enterprise valueTop 22%
- P/E vs own 5-year history (lower is better)Top 14%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 24%
- 6-month returnBottom 14%
- 1-year return vs S&P 500Bottom 17%
- Distance from 52-week highBottom 19%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 47%
- Consecutive EPS beatsBottom 43%
- Share of analysts rating BuyBottom 30%
- Upside to consensus price targetBottom 23%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 26%
- Maximum drawdown, 3 yearsBottom 44%
- Beta vs S&P 500 (lower is better)Bottom 17%
- Net debt / EBITDA (lower is better)Top 27%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.4% | 25.2% | ↑ |
| EPS growth (YoY) | 8.5% | 9.8% | ↑ |
| Gross margin | 45.6% | 62.7% | ↑ |
| Operating margin | 32.4% | 30.0% | ↓ |
| FCF margin | 31.5% | 18.3% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 25.2% | 9.4% | ↑ | Top 17% |
| EPS growth (TTM, YoY) | 9.8% | 8.5% | ↑ | Bottom 37% |
| Gross margin | 62.7% | 45.6% | ↑ | Bottom 43% |
| Operating margin | 30.0% | 32.4% | ↓ | Top 28% |
| Net margin | 21.1% | 23.9% | ↓ | — |
| Free-cash-flow margin | 18.3% | 31.5% | ↓ | — |
| Return on invested capital | 25.3% | — | Top 4% | |
| Revenue growth, 3-year CAGR | 6.4% | — | Bottom 19% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.87×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -28.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.04×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 23739.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 11.38%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 11.38%
- Share count change, 1 year
- +0.7%
- Share count change, 3-year CAGR
- +4.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.3%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $37.00
- Target vs current price
- +6.1%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 33%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +3.0% | +1.5% | +4.5% | +6.7% | — |
| Apr 28, 2026 | -4.4% | -0.8% | -3.4% | -0.5% | +1.0% |
| Feb 3, 2026 | +13.5% | -1.9% | +1.8% | -12.0% | -19.4% |
| Oct 28, 2025 | +5.2% | -1.2% | -2.1% | -7.9% | -3.6% |
| Jul 29, 2025 | +1.2% | -1.3% | +0.6% | +0.3% | -5.8% |
| Apr 29, 2025 | +9.2% | +0.9% | +7.5% | +10.8% | +24.9% |
| Feb 4, 2025 | +9.4% | +1.9% | +1.9% | -7.4% | -15.4% |
| Oct 29, 2024 | +2.2% | -2.1% | +0.0% | +7.8% | -0.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $0.94 | $0.91 | +3.0% | $307.9M |
| Apr 28, 2026 | $0.87 | $0.91 | -4.4% | $303.0M |
| Feb 3, 2026 | $1.26 | $1.11 | +13.5% | $335.5M |
| Oct 28, 2025 | $1.02 | $0.97 | +5.2% | $301.3M |
| Jul 29, 2025 | $0.83 | $0.82 | +1.2% | $271.9M |
| Apr 29, 2025 | $0.83 | $0.76 | +9.2% | $288.0M |
| Feb 4, 2025 | $1.05 | $0.96 | +9.4% | $297.1M |
| Oct 29, 2024 | $0.92 | $0.90 | +2.2% | $279.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 8.6× | 11.2× | 14th | Top 11% |
| P/E (forward) | 9.1× | — | — | — |
| EV / EBITDA | 5.4× | — | — | Top 8% |
| EV / Sales | 1.73× | — | — | Top 22% |
| Free-cash-flow yield | 10.54% | — | — | Top 32% |
| Earnings yield | 11.61% | — | — | Top 11% |
P/E over the past five years
Range 7.0× – 13.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -17.7%
- Earnings per share growth (TTM)
- +9.8%
- Change in P/E multiple
- -20.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.3%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -12.9%
- Distance from 200-day average
- -10.9%
- RSI (14)
- 28.2
- Relative volume
- 1.41×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.5%
- Volatility vs own 5-year history
- 57th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.09
- Correlation with S&P 500
- 0.61
- Current drawdown from 1-year high
- -24.6%
- Maximum drawdown, 3 years
- -31.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 15, 2021 | Oct 20, 2022 | -54.2% | 383 days | Not yet recovered |
| Jan 13, 2021 | Mar 4, 2021 | -15.4% | 34 days | 26 days (Apr 12, 2021) |
| Oct 16, 2020 | Oct 29, 2020 | -13.0% | 9 days | 8 days (Nov 10, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.48B
- P/E (TTM)
- 8.6
- EPS, diluted (TTM)
- $4.05
- Revenue (TTM)
- $1.42B
- Dividend yield
- 11.55%
- 52-week range
- $33.96 – $46.53
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.23B | $993.3M | $975.1M | $1.11B | $1.20B |
| Gross profit | $664.2M | $482.9M | $445.7M | $517.7M | $547.1M |
| Operating income | $540.5M | $344.1M | $303.6M | $366.6M | $399.6M |
| Net income | $336.5M | $206.8M | $222.3M | $259.7M | $290.3M |
| EPS (diluted) | $5.09 | $2.94 | $3.19 | $3.66 | $4.05 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $279.6M | $297.1M | $277.1M | $282.7M | $301.3M | $350.7M | $295.4M | $475.0M |
| Net income | $73.0M | $69.7M | $61.1M | $67.6M | $66.8M | $94.8M | $58.0M | $80.9M |
| EPS (diluted) | $1.03 | $0.90 | $0.82 | $0.94 | $0.93 | $1.22 | $0.76 | $1.14 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $398.6M | $312.6M | $377.7M | $372.8M | $172.0M |
| Capital expenditure | -$6.0M | -$19.6M | -$8.6M | -$4.8M | -$677,000 |
| Free cash flow | $392.6M | $293.1M | $369.1M | $368.1M | $171.3M |
| Dividends paid | -$254.4M | -$248.7M | -$183.4M | -$198.0M | -$257.1M |
| Net share buybacks | -$56.2M | $0 | $0 | -$6.8M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $334.5M
- Total assets
- $1.46B
- Total liabilities
- $908.1M
- Total debt
- $314.9M
- Net debt
- -$19.6M
- Shareholders’ equity
- $463.4M
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 17, 2026 | $0.80 | Aug 31, 2026 |
| May 15, 2026 | $0.77 | May 29, 2026 |
| Feb 13, 2026 | $1.58 | Feb 27, 2026 |
| Nov 14, 2025 | $0.88 | Nov 28, 2025 |
| Aug 15, 2025 | $0.73 | Aug 29, 2025 |
| May 16, 2025 | $0.68 | May 30, 2025 |
| Feb 14, 2025 | $1.34 | Feb 28, 2025 |
| Nov 15, 2024 | $0.82 | Nov 29, 2024 |
Short interest
- Shares sold short
- 3,724,843
- Days to cover
- 4.90
- Change vs previous report
- +9.9%
FINRA short interest, settlement date Sep 15, 2026.