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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.41
APAM's Cash-to-Debt is ranked lower than
81% of the 1393 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. APAM: 0.41 )
Ranked among companies with meaningful Cash-to-Debt only.
APAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26  Med: 0.51 Max: 1.19
Current: 0.41
0.26
1.19
Equity-to-Asset 0.14
APAM's Equity-to-Asset is ranked lower than
94% of the 1328 Companies
in the Global Asset Management industry.

( Industry Median: 0.84 vs. APAM: 0.14 )
Ranked among companies with meaningful Equity-to-Asset only.
APAM' s Equity-to-Asset Range Over the Past 10 Years
Min: -5.2  Med: 0.08 Max: 0.14
Current: 0.14
-5.2
0.14
Interest Coverage 20.10
APAM's Interest Coverage is ranked lower than
70% of the 1407 Companies
in the Global Asset Management industry.

( Industry Median: 1209.65 vs. APAM: 20.10 )
Ranked among companies with meaningful Interest Coverage only.
APAM' s Interest Coverage Range Over the Past 10 Years
Min: 2.84  Med: 8.39 Max: 26.52
Current: 20.1
2.84
26.52
Piotroski F-Score: 4
Altman Z-Score: 2.73
Beneish M-Score: -3.47
WACC vs ROIC
13.73%
114.20%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 32.49
APAM's Operating Margin % is ranked lower than
58% of the 1344 Companies
in the Global Asset Management industry.

( Industry Median: 50.11 vs. APAM: 32.49 )
Ranked among companies with meaningful Operating Margin % only.
APAM' s Operating Margin % Range Over the Past 10 Years
Min: -38.09  Med: 28.59 Max: 37.03
Current: 32.49
-38.09
37.03
Net Margin % 10.13
APAM's Net Margin % is ranked lower than
68% of the 1347 Companies
in the Global Asset Management industry.

( Industry Median: 39.54 vs. APAM: 10.13 )
Ranked among companies with meaningful Net Margin % only.
APAM' s Net Margin % Range Over the Past 10 Years
Min: 3.62  Med: 10.15 Max: 16.28
Current: 10.13
3.62
16.28
ROE % 47.03
APAM's ROE % is ranked higher than
97% of the 1396 Companies
in the Global Asset Management industry.

( Industry Median: 5.67 vs. APAM: 47.03 )
Ranked among companies with meaningful ROE % only.
APAM' s ROE % Range Over the Past 10 Years
Min: -128.67  Med: 16.25 Max: 54.6
Current: 47.03
-128.67
54.6
ROA % 7.47
APAM's ROA % is ranked higher than
70% of the 1424 Companies
in the Global Asset Management industry.

( Industry Median: 3.06 vs. APAM: 7.47 )
Ranked among companies with meaningful ROA % only.
APAM' s ROA % Range Over the Past 10 Years
Min: 5.71  Med: 9.42 Max: 33.09
Current: 7.47
5.71
33.09
ROC (Joel Greenblatt) % 1212.23
APAM's ROC (Joel Greenblatt) % is ranked higher than
86% of the 813 Companies
in the Global Asset Management industry.

( Industry Median: 30.40 vs. APAM: 1212.23 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
APAM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2230.01  Med: 1150.38 Max: 2391.06
Current: 1212.23
-2230.01
2391.06
3-Year Revenue Growth Rate -27.60
APAM's 3-Year Revenue Growth Rate is ranked lower than
83% of the 1013 Companies
in the Global Asset Management industry.

( Industry Median: 0.90 vs. APAM: -27.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
APAM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 43.5
Current: -27.6
0
43.5
GuruFocus has detected 3 Warning Signs with Artisan Partners Asset Management Inc $APAM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» APAM's 10-Y Financials

Financials (Next Earnings Date: 2017-05-06 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

APAM Guru Trades in Q1 2016

Ken Fisher 1,856,828 sh (+62.68%)
Chuck Royce 1,182,200 sh (-31.29%)
Ron Baron 1,167,354 sh (-37.62%)
Jim Simons 38,400 sh (-64.74%)
» More
Q2 2016

APAM Guru Trades in Q2 2016

Ken Fisher 1,856,838 sh (unchged)
Ron Baron 1,050,956 sh (-9.97%)
Chuck Royce 959,200 sh (-18.86%)
Jim Simons 7,900 sh (-79.43%)
» More
Q3 2016

APAM Guru Trades in Q3 2016

Jim Simons 229,500 sh (+2805.06%)
Ken Fisher 1,880,562 sh (+1.28%)
Chuck Royce 898,370 sh (-6.34%)
Ron Baron 49,956 sh (-95.25%)
» More
Q4 2016

APAM Guru Trades in Q4 2016

Paul Tudor Jones 11,800 sh (New)
Chuck Royce 1,030,040 sh (+14.66%)
Jim Simons Sold Out
Ken Fisher 1,820,328 sh (-3.20%)
Ron Baron 43,537 sh (-12.85%)
» More
» Details

Insider Trades

Latest Guru Trades with APAM

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Business Description

Industry: Asset Management » Asset Management    NAICS: 523920    SIC: 6282
Compare:NYSE:MAIN, NYSE:AB, OTCPK:AZIHY, NYSE:NZF, OTCPK:FFXDF, OTCPK:SFFFF, NYSE:JNS, OTCPK:VPGLF, NYSE:CNS, OTCPK:ITRUF, NYSE:OMAM, AMEX:EVV, NAS:FNGN, NYSE:FII, NYSE:NOAH, NYSE:WDR, NAS:AINV, NYSE:NVG, OTCPK:FPAFY, OTCPK:MNGPY » details
Traded in other countries:AP0.Germany,
Artisan Partners Asset Management Inc is an independent investment management firm. The Company provides equity investment strategies spanning different market capitalization segments and investing styles in both U.S. and non-U.S. markets.

Artisan Partners Asset Management Inc was incorporated in Wisconsin on March 21, 2011 and converted to a Delaware corporation on October 29, 2012. The Company is an independent investment management firm that provides a range of 13 equity investment strategies spanning different market capitalization segments and investing styles in both U.S. and non-U.S. markets. The Company manages separate accounts for pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, governmental entities, investment companies and similar pooled investment vehicles, and also provide investment management and administrative services to Artisan Funds, an SEC-registered family of mutual funds.

Guru Investment Theses on Artisan Partners Asset Management Inc

Baron Funds Comments on Artisan Partners Asset Management - Feb 05, 2016

Artisan Partners Asset Management, Inc. (NYSE:APAM), an investment manager, was formed in 1994 with a “lift out” strategy to attract top investing talent. While the corporate office focuses primarily on the distribution of a variety of the investment products, the investment professionals operate independently and autonomously. This relatively unique format has resulted in strong long-term performing products and a successful sales effort as the firm has grown to approximately $100 billion in client assets. Recent underperformance of key products, however, has led the stock to sell at what we feel are attractive prices given its long-term investment returns and its distribution force. Additionally, the company has been adding new teams in credit and developing world strategies, which is penalizing near-term profitability. However, we believe these strategies have the ability to add sizable revenue streams while also diversifying the business. (Michael Baron)



From Ron Baron (Trades, Portfolio)'s Growth Fund fourth quarter shareholder letter.

Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 17.20
APAM's PE Ratio is ranked lower than
62% of the 1224 Companies
in the Global Asset Management industry.

( Industry Median: 13.60 vs. APAM: 17.20 )
Ranked among companies with meaningful PE Ratio only.
APAM' s PE Ratio Range Over the Past 10 Years
Min: 13.58  Med: 19.4 Max: 260.63
Current: 17.2
13.58
260.63
PE Ratio without NRI 17.20
APAM's PE Ratio without NRI is ranked lower than
60% of the 1217 Companies
in the Global Asset Management industry.

( Industry Median: 13.58 vs. APAM: 17.20 )
Ranked among companies with meaningful PE Ratio without NRI only.
APAM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 13.58  Med: 19.4 Max: 260.63
Current: 17.2
13.58
260.63
Price-to-Owner-Earnings 10.95
APAM's Price-to-Owner-Earnings is ranked higher than
56% of the 334 Companies
in the Global Asset Management industry.

( Industry Median: 12.99 vs. APAM: 10.95 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
APAM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.37  Med: 12.8 Max: 17.81
Current: 10.95
9.37
17.81
PB Ratio 15.09
APAM's PB Ratio is ranked lower than
98% of the 1435 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. APAM: 15.09 )
Ranked among companies with meaningful PB Ratio only.
APAM' s PB Ratio Range Over the Past 10 Years
Min: 14.18  Med: 28.47 Max: 558.89
Current: 15.09
14.18
558.89
PS Ratio 1.46
APAM's PS Ratio is ranked higher than
86% of the 1205 Companies
in the Global Asset Management industry.

( Industry Median: 6.73 vs. APAM: 1.46 )
Ranked among companies with meaningful PS Ratio only.
APAM' s PS Ratio Range Over the Past 10 Years
Min: 1.09  Med: 1.49 Max: 4.21
Current: 1.46
1.09
4.21
Price-to-Free-Cash-Flow 3.83
APAM's Price-to-Free-Cash-Flow is ranked higher than
84% of the 354 Companies
in the Global Asset Management industry.

( Industry Median: 14.71 vs. APAM: 3.83 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
APAM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.77  Med: 4.06 Max: 19.69
Current: 3.83
2.77
19.69
Price-to-Operating-Cash-Flow 3.73
APAM's Price-to-Operating-Cash-Flow is ranked higher than
85% of the 741 Companies
in the Global Asset Management industry.

( Industry Median: 16.02 vs. APAM: 3.73 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
APAM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.71  Med: 3.95 Max: 18.78
Current: 3.73
2.71
18.78
EV-to-EBIT 9.46
APAM's EV-to-EBIT is ranked higher than
60% of the 1029 Companies
in the Global Asset Management industry.

( Industry Median: 12.05 vs. APAM: 9.46 )
Ranked among companies with meaningful EV-to-EBIT only.
APAM' s EV-to-EBIT Range Over the Past 10 Years
Min: -5.4  Med: 4.5 Max: 10.07
Current: 9.46
-5.4
10.07
EV-to-EBITDA 9.24
APAM's EV-to-EBITDA is ranked higher than
57% of the 1057 Companies
in the Global Asset Management industry.

( Industry Median: 11.10 vs. APAM: 9.24 )
Ranked among companies with meaningful EV-to-EBITDA only.
APAM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -5.5  Med: 4.4 Max: 9.85
Current: 9.24
-5.5
9.85
Current Ratio 0.37
APAM's Current Ratio is ranked lower than
94% of the 851 Companies
in the Global Asset Management industry.

( Industry Median: 3.83 vs. APAM: 0.37 )
Ranked among companies with meaningful Current Ratio only.
APAM' s Current Ratio Range Over the Past 10 Years
Min: 0.32  Med: 0.49 Max: 1.25
Current: 0.37
0.32
1.25
Quick Ratio 0.37
APAM's Quick Ratio is ranked lower than
94% of the 851 Companies
in the Global Asset Management industry.

( Industry Median: 3.68 vs. APAM: 0.37 )
Ranked among companies with meaningful Quick Ratio only.
APAM' s Quick Ratio Range Over the Past 10 Years
Min: 0.32  Med: 0.49 Max: 1.25
Current: 0.37
0.32
1.25
Days Sales Outstanding 30.25
APAM's Days Sales Outstanding is ranked higher than
60% of the 456 Companies
in the Global Asset Management industry.

( Industry Median: 43.58 vs. APAM: 30.25 )
Ranked among companies with meaningful Days Sales Outstanding only.
APAM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 27.22  Med: 33.36 Max: 40.87
Current: 30.25
27.22
40.87

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 9.02
APAM's Dividend Yield % is ranked higher than
87% of the 1493 Companies
in the Global Asset Management industry.

( Industry Median: 4.01 vs. APAM: 9.02 )
Ranked among companies with meaningful Dividend Yield % only.
APAM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.69  Med: 4.96 Max: 9.64
Current: 9.02
0.69
9.64
Dividend Payout Ratio 1.53
APAM's Dividend Payout Ratio is ranked lower than
62% of the 887 Companies
in the Global Asset Management industry.

( Industry Median: 0.57 vs. APAM: 1.53 )
Ranked among companies with meaningful Dividend Payout Ratio only.
APAM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.29  Med: 1.41 Max: 1.53
Current: 1.53
1.29
1.53
3-Year Dividend Growth Rate 40.80
APAM's 3-Year Dividend Growth Rate is ranked higher than
93% of the 655 Companies
in the Global Asset Management industry.

( Industry Median: 2.50 vs. APAM: 40.80 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
APAM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 40.8
Current: 40.8
0
40.8
Forward Dividend Yield % 8.92
APAM's Forward Dividend Yield % is ranked higher than
86% of the 1428 Companies
in the Global Asset Management industry.

( Industry Median: 4.36 vs. APAM: 8.92 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 9.02
APAM's 5-Year Yield-on-Cost % is ranked higher than
80% of the 1724 Companies
in the Global Asset Management industry.

( Industry Median: 4.64 vs. APAM: 9.02 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
APAM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.69  Med: 4.96 Max: 9.64
Current: 9.02
0.69
9.64
3-Year Average Share Buyback Ratio -1.90
APAM's 3-Year Average Share Buyback Ratio is ranked lower than
54% of the 874 Companies
in the Global Asset Management industry.

( Industry Median: -1.30 vs. APAM: -1.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
APAM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -3.7  Med: 0 Max: 0
Current: -1.9
-3.7
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 15.05
APAM's Price-to-Tangible-Book is ranked lower than
97% of the 1368 Companies
in the Global Asset Management industry.

( Industry Median: 1.01 vs. APAM: 15.05 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
APAM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 14.96  Med: 26.8 Max: 517.38
Current: 15.05
14.96
517.38
Price-to-Intrinsic-Value-Projected-FCF 0.49
APAM's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
89% of the 477 Companies
in the Global Asset Management industry.

( Industry Median: 1.09 vs. APAM: 0.49 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
APAM' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.48  Med: 0.6 Max: 0.66
Current: 0.49
0.48
0.66
Price-to-Median-PS-Value 0.94
APAM's Price-to-Median-PS-Value is ranked higher than
58% of the 843 Companies
in the Global Asset Management industry.

( Industry Median: 1.03 vs. APAM: 0.94 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
APAM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.94  Med: 1.05 Max: 1.06
Current: 0.94
0.94
1.06
Price-to-Graham-Number 3.38
APAM's Price-to-Graham-Number is ranked lower than
93% of the 970 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. APAM: 3.38 )
Ranked among companies with meaningful Price-to-Graham-Number only.
APAM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.36  Med: 3.98 Max: 4.19
Current: 3.38
3.36
4.19
Earnings Yield (Greenblatt) % 10.57
APAM's Earnings Yield (Greenblatt) % is ranked higher than
72% of the 1447 Companies
in the Global Asset Management industry.

( Industry Median: 4.88 vs. APAM: 10.57 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
APAM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 9.93  Med: 20.8 Max: 30.1
Current: 10.57
9.93
30.1

More Statistics

Revenue (TTM) (Mil) $720.9
EPS (TTM) $ 1.56
Beta1.68
Short Percentage of Float10.06%
52-Week Range $24.48 - 35.00
Shares Outstanding (Mil)74.35
» More Articles for APAM

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Artisan Partners Asset Management Feb 05 2016 
Optimistic Chuck Royce's Top Q2 New Stocks Aug 06 2013 
Chuck Royce’s Top 5 New Q1 Purchases Apr 18 2013 
American Insider Trades: March 8-15 Mar 15 2013 

More From Other Websites
ARTISAN PARTNERS ASSET MANAGEMENT INC. Files SEC form 8-K, Other Events Mar 09 2017
Artisan Partners Asset Management Inc. Reports February 2017 Assets Under Management Mar 09 2017
ARTISAN PARTNERS ASSET MANAGEMENT INC. Files SEC form 8-K, Other Events, Financial Statements and... Feb 28 2017
ARTISAN PARTNERS ASSET MANAGEMENT INC. Financials Feb 25 2017
Active Managers Feel the Urge to Merge Feb 24 2017
Artisan Partners Asset Management Inc. Announces Offering of Class A Common Stock Feb 22 2017
ARTISAN PARTNERS ASSET MANAGEMENT INC. Files SEC form 10-K, Annual Report Feb 21 2017
Does Artisan Partners Offer a Good Value Buying Opportunity? Feb 15 2017
ARTISAN PARTNERS ASSET MANAGEMENT INC. Files SEC form 8-K, Other Events Feb 09 2017
Artisan Partners Asset Management Inc. Reports January 2017 Assets Under Management Feb 09 2017
Artisan Partners Asset Management, Inc. :APAM-US: Earnings Analysis: Q4, 2016 By the Numbers :... Feb 09 2017
Artisan Partners Asset Management, Inc. :APAM-US: Earnings Analysis: 2016 By the Numbers : February... Feb 08 2017
Artisan Partners Asset Management, Inc. breached its 50 day moving average in a Bullish Manner :... Feb 08 2017
Edited Transcript of APAM earnings conference call or presentation 7-Feb-17 5:00pm GMT Feb 07 2017
Artisan Partners beats 4Q profit forecasts Feb 06 2017
Artisan Partners beats 4Q profit forecasts Feb 06 2017
ARTISAN PARTNERS ASSET MANAGEMENT INC. Files SEC form 8-K, Results of Operations and Financial... Feb 06 2017
Artisan Partners Asset Management Inc. Reports Quarter and Year Ended December 31, 2016 Results Feb 06 2017
New Strong Sell Stocks for February 6th Feb 06 2017
Q4 2016 Artisan Partners Asset Management Inc Earnings Release - After Market Close Feb 06 2017
New Strong Sell Stocks for January 31st Jan 31 2017
Artisan Partners Asset Management Inc. Declares Quarterly and Special Annual Dividend Jan 27 2017
Artisan Partners Asset Management Inc. to Announce 4Q16 and Full-Year Results on February 6, 2017 Jan 26 2017
Artisan Partners Asset Management Inc. Announces Updates on the Artisan U.S. Mid-Cap Value Strategy... Nov 18 2016
Artisan Partners Asset Management Inc. Reports October 2016 Assets Under Management Nov 09 2016
Artisan Partners Asset Management Inc. Reports 3Q16 Results Oct 31 2016
Artisan Partners Asset Management Inc. Declares Quarterly Dividend Oct 25 2016
Artisan Partners Asset Management Inc. to Announce 3Q16 Results on October 31, 2016 Oct 17 2016
Artisan Partners Asset Management Inc. Reports September 2016 Assets Under Management Oct 11 2016
Artisan Partners Asset Management Inc. Mourns Death of Executive Vice President Dean Patenaude Sep 13 2016
Artisan Partners Asset Management Inc. Reports August 2016 Assets Under Management Sep 12 2016
Artisan Partners Asset Management Inc. Reports July 2016 Assets Under Management Aug 09 2016
Artisan Partners Asset Management Inc. Reports 2Q16 Results Jul 25 2016
Artisan Partners Asset Management Inc. Reports June 2016 Assets Under Management Jul 12 2016
Artisan Partners Asset Management Inc. to Announce 2Q16 Results on July 25, 2016 Jul 11 2016
Artisan Partners Asset Management Inc. Reports May 2016 Assets Under Management Jun 09 2016
Artisan Partners Asset Management Inc. Reports April 2016 Assets Under Management May 10 2016
Artisan Partners Asset Management Inc. Reports 1Q16 Results Apr 25 2016
Artisan Partners Asset Management Inc. Declares Quarterly Dividend Apr 20 2016
Artisan Partners Asset Management Inc. Reports March 2016 Assets Under Management Apr 11 2016
Artisan Partners Asset Management Inc. to Announce 1Q16 Results on April 25, 2016 Apr 11 2016

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