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Artisan Partners Asset Management Inc. (APAM)

Investment Advice

Latest Price
$39.78
TTM P/E
9.32
Normalized P/E
11.06
TTM Div Yield
10.13%
Fwd Div Yield
8.85%
Book Value
6.68
P/B Ratio
5.96

Valuation metrics

adjust assumptions →
EPS: $4.05
Book value / share: $5.44
Formula: √(22.5 × EPS × BVPS)
Graham Number
$22.26
45% downside
Norm. op. income: $358M (median of 7yr)
Tax rate: 19%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$36.60
10% downside
Base FCF: $306M (median of recent 5yr)
Growth: -3%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$37.51
7% downside
EPS: $4.05
Target P/E: 11×
Formula: EPS × P/E
P/E Fair Value
$44.55
+10% upside

Institutional Ownership

88.6% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.11.20M$386.0M13.81%+838.3K2026-06-30
Kayne Anderson Rudnick Investment Management LLC5.17M$178.0M6.38%-392.9K2026-06-30
Vanguard Portfolio Management LLC4.21M$145.0M5.19%+78.7K2026-06-30
Vanguard Capital Management LLC3.06M$105.0M3.78%+31.2K2026-06-30
State Street Corp2.95M$101.0M3.64%+106.6K2026-06-30
Sixth Street Partners Management Company, L.P.2.81M$97.0M3.47%--2026-06-30
Charles Schwab Investment Management Inc2.81M$97.0M3.47%+262.9K2026-06-30
Vaughan Nelson Investment Management, L.P.2.47M$85.0M3.04%-121.2K2026-06-30
Geode Capital Management, LLC2.26M$77.0M2.79%+181.4K2026-06-30
Morgan Stanley1.98M$68.0M2.44%-125.5K2026-06-30
View all institutional holders →