APAM
Artisan Partners Asset Management Inc. Financial Services - Asset Management Investor Relations →
Artisan Partners Asset Management Inc. (APAM) closed at $36.68 as of 2026-09-18, trading 6.7% above its 200-week moving average of $34.37. The stock is currently moving closer to the line, down from 10.5% last week. The 14-week RSI sits at 54, indicating neutral momentum.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.91 ratio) is neutral — neither side is clearly dominating.
Over the past 658 weeks of data, APAM has crossed below its 200-week moving average 12 times. On average, these episodes lasted 17 weeks. Historically, investors who bought APAM at the start of these episodes saw an average one-year return of +31.6%.
With a market cap of $2.6 billion, APAM is a mid-cap stock. The company generates a free cash flow yield of 11.2%, which is notably high. Return on equity stands at 64.6%, indicating strong profitability. The stock trades at 6.2x book value.
Share count has increased 3.7% over three years, indicating dilution.
Over the past 12.7 years, a hypothetical investment of $100 in APAM would have grown to $176, compared to $506 for the S&P 500. APAM has returned 4.6% annualized vs 13.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -16.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: APAM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After APAM Crosses Below the Line?
Across 12 historical episodes, buying APAM when it crossed below its 200-week moving average produced an average return of +35.3% after 12 months (median +36.0%), compared to +19.2% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +58.5% vs +43.9% for the index.
Each line shows $100 invested at the moment APAM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices APAM would reach each dislocation threshold.
Dislocation Price Levels
Prices where APAM's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-27.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $32.59 | Unusually cheap — analysis point |
| Value | +1σ | $34.69 | Cheap vs. own history |
| Fair Value | +0σ | $37.08 | Historical mean behavior |
| Expensive | -1σ | $39.82 | Expensive vs. own history |
| Deep Expensive | -2σ | $43.00 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-28 | $0.91 | $0.94 | +3.0% |
| 2026-04-28 | $0.93 | $0.87 | -6.2% |
| 2026-02-03 | $1.09 | $1.26 | +15.9% |
| 2025-10-28 | $0.97 | $1.02 | +5.2% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from APAM's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
APAM has crossed below its 200-week MA 12 times with an average 1-year return of +31.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2014 | Aug 2014 | 1 | 1.6% | -1.0% | +113.1% |
| Sep 2014 | Nov 2014 | 7 | 7.2% | -25.0% | +109.5% |
| Dec 2014 | Oct 2017 | 149 | 42.0% | -18.9% | +111.1% |
| Oct 2018 | Feb 2019 | 19 | 24.8% | +5.3% | +165.0% |
| Mar 2019 | Apr 2019 | 4 | 2.5% | +13.8% | +177.3% |
| May 2019 | Jun 2019 | 3 | 4.9% | +19.3% | +175.2% |
| Mar 2020 | Apr 2020 | 7 | 19.3% | +144.0% | +184.0% |
| Sep 2022 | Nov 2022 | 7 | 16.7% | +35.4% | +71.7% |
| Dec 2022 | Jan 2023 | 3 | 7.9% | +55.7% | +59.2% |
| Mar 2023 | Apr 2023 | 5 | 8.5% | +59.7% | +61.2% |
| May 2023 | May 2023 | 2 | 2.4% | +39.3% | +48.6% |
| Oct 2023 | Oct 2023 | 2 | 4.7% | +51.4% | +41.2% |
| Average | 17 | — | +31.6% | — |
Frequently Asked Questions
Is APAM below its 200-week moving average?
No. Artisan Partners Asset Management Inc. (APAM) is currently 6.7% above its 200-week moving average of $34.37. It would need to fall to $34.37 to cross below the line.
What is APAM's 200-week moving average price?
Artisan Partners Asset Management Inc.'s 200-week moving average is $34.37 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when APAM drops below its 200-week moving average?
APAM has crossed below its 200-week moving average 12 times in our data. On average, buying at that moment produced a one-year return of +31.6%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is APAM a good value right now?
Here's what our data says about APAM as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 54. Free cash flow yield is 11.2%. Return on equity is 64.6%. Price-to-book is 6.2x. This is not a buy or sell recommendation — always do your own research.
How does APAM compare to the S&P 500?
Over the past 12.7 years, $100 invested in APAM would have grown to $176, compared to $506 for the S&P 500. That's 4.6% annualized vs 13.7% for the index. APAM has underperformed the broader market over this period.
Does APAM pay a dividend?
Yes. Artisan Partners Asset Management Inc. currently pays a dividend yield of 943.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18