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Upturn AI Summary - About
Artisan Partners Asset Management Inc(APAM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for APAM
11/06/2026: APAM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Artisan Partners is a boutique, active investment management firm known for its unique model of autonomous investment teams. The company has a strong reputation for high-conviction, high-performance equity strategies, which has historically allowed it to command premium fees. Its primary growth opportunity lies in diversifying into alternative investments and expanding its global distribution footprint. However, the firm faces significant risks from the structural industry shift toward passive indexing and potential fee compression. The stock may best suit dividend-oriented and value-focused investors who understand the cyclical, performance-dependent nature of the asset management sector, and it requires monitoring of net flows and key talent retention.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the firm has growth potential through new strategies, it is subject to the cyclical nature of the asset management industry. |
| Momentum investor | Mixed fit | Momentum investors may find the stock attractive during periods of strong market performance when AUM and performance fees trend higher. |
| Value investor | Strong fit | The stock often trades at valuations that may appeal to value investors seeking exposure to cash-generative financial service firms. |
| Dividend investor | Strong fit | The company has a consistent history of returning significant capital to shareholders through regular and variable dividends. |
| Low-risk investor | Weak fit | The stock's dependence on market-driven AUM levels and investment performance introduces volatility that may not suit low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock price is highly sensitive to fluctuations in global equity markets and the firm's AUM. |
| Valuation risk | Medium | Market sentiment toward active managers can lead to valuation compression despite solid fundamentals. |
| Competition risk (passive index funds) | High | The structural shift toward passive, low-cost investment vehicles continues to challenge the active management model. |
| Business quality | Medium | The firm has a strong niche reputation, but is reliant on the continued success of individual investment teams. |
| Dividend income | Medium | Dividends are variable and dependent on the firm's profitability and cash flow, which can fluctuate. |
| Execution risk | Medium | The ability to attract and retain elite investment talent is essential to maintaining the firm's competitive edge. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -18.23% | Avg. Invested days 37 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.78B USD | Price to earnings Ratio 9.14 | 1Y Target Price 35 |
Price to earnings Ratio 9.14 | 1Y Target Price 35 | ||
Volume (30-day avg) 1.4M shares | Beta 1.72 | 52 Weeks Range 30.86 - 44.27 | Updated Date 11/08/2026 |
52 Weeks Range 30.86 - 44.27 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 8.70% | Basic EPS (TTM) 4.28 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management Fees | Management fees based on the percentage of Assets Under Management (AUM) in client portfolios and mutual funds. | The company earns money primarily by charging a fee on the total value of assets they manage for clients. |
| Performance Fees | Incentive fees earned when investment strategies outperform their specific benchmarks. | Artisan can earn extra income if they deliver strong results for their clients beyond a set target. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When After Market | Estimate 0.98 | Actual 1.03 |
Profitability
Profit Margin 24.53% | Operating Margin (TTM) 35.13% |
Management Effectiveness
Return on Assets (TTM) 16.96% | Return on Equity (TTM) 58.5% |
Valuation
Trailing PE 9.14 | Forward PE 10.99 | Enterprise Value 2.71B | Price to Sales(TTM) 2.21 |
Enterprise Value 2.71B | Price to Sales(TTM) 2.21 | ||
Enterprise Value to Revenue 2.16 | Enterprise Value to EBITDA 5.58 | Shares Outstanding 71.02M | Shares Floating 64.26M |
Shares Outstanding 71.02M | Shares Floating 64.26M | ||
Percent Insiders 2.23 | Percent Institutions 98.11 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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