Artisan Partners’ Record Results And Real Estate Push Raise Valuation Questions

• Artisan Partners Asset Management (NYSE:APAM) reports record financial results, including all time high revenue and assets under management supported by significant investment gains.
• The company acquires Grandview Property Partners, adding private real estate capabilities to its alternative investments platform.
• Artisan Partners promotes Angela Wu to expanded portfolio management roles and appoints Ryan G. Von Hoff as Chief Accounting Officer, further building out its leadership team.

Artisan Partners, an active investment manager listed on the NYSE as APAM, is moving on several fronts at once, from record financial metrics to a broader product lineup. The addition of Grandview Property Partners brings private real estate into the mix, which sits alongside existing public market strategies and other alternatives. For investors, that means the firm is now competing for capital across a wider set of asset classes.

These changes also come with leadership shifts that aim to keep investment and control functions closely aligned. When evaluating Artisan Partners, relevant considerations include how effectively the firm can integrate Grandview, retain talent and maintain client demand for a broader range of strategies.

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How Artisan Partners Asset Management stacks up against its biggest competitors

Quick Assessment

• ⚖️ Price vs Analyst Target: At US$44.31, the share price is about 3% above the US$43.00 analyst target, which sits inside the one standard deviation range of US$38.26 to US$47.74.
• ✅ Simply Wall St Valuation: The stock is described as trading 16.8% below estimated fair value, indicating an undervalued status.
• ✅ Recent Momentum: The 30 day return of roughly 2.4% shows positive short term momentum into these results and announcements.

Check out Simply Wall St's in depth valuation analysis for Artisan Partners Asset Management.

Key Considerations

• 📊 Record results, the Grandview acquisition and leadership changes all speak to how Artisan is positioning its product mix and governance for future client demand.
• 📊 Keep an eye on the P/E of 10.8 versus the Capital Markets industry average of 22.9, the 8.7% forecast earnings growth and how Grandview contributes to revenue and margins.
• ⚠️ The dividend yield of 8.73% is not well covered by free cash flow, so sustainability of payouts is a key area to monitor.

Dig Deeper

For the full picture including more risks and rewards, check out the complete Artisan Partners Asset Management analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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