Artisan Partners
Runs autonomous active-investment teams across equities, credit, emerging-markets debt and private real estate.
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Profile
Runs actively managed equity, credit, emerging-markets debt and private real estate strategies through pooled funds, separate accounts and model portfolios. Fees are tied primarily to assets under management, while autonomous investment teams operate on centralized distribution, client-service and operations infrastructure.
Manages active equity, credit, emerging-markets debt and private real estate strategies for institutions and intermediated-wealth clients worldwide. Portfolios are delivered through U.S. mutual funds, Ireland-domiciled UCITS funds, private funds, collective investment trusts, model portfolios and separate accounts.
Builds the platform around twelve autonomous investment teams, each controlling its philosophy, process and portfolio decisions, while centralized operations, distribution and client service support the franchises. The acquisition of Grandview Property Partners added U.S. middle-market real estate private equity to a lineup still dominated by long-only equities.
Earns essentially all revenue from investment-management agreements, with fees tied primarily to average assets under management. Most fee revenue comes from U.S. clients; results depend on market levels, active-strategy performance, client flows and retention of investment professionals, and the business operates under extensive U.S. and overseas regulation.
Company facts
Categories
Key statistics
Year to date +5.0% · Average volume (30d) 810.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 23, 2026 | RBC Capital | Reiterate | Outperform | $43 | $44 |
| Jul 10, 2026 | Evercore ISI | Target | $39 | $36 | |
| Jun 8, 2026 | Evercore ISI | Target | $37 | $39 | |
| Apr 30, 2026 | RBC Capital | Reiterate | Outperform | $48 | $43 |
| Apr 21, 2026 | RBC Capital | Target | $48 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.91 | $0.94 | +3.0% | $301.3M | $307.9M | +2.2% | −1.32% |
| Apr 28, 2026Q1 FY26 | $0.91 | $0.87 | −4.4% | $304.0M | $303.0M | −0.3% | −3.17% |
| Feb 3, 2026Q4 FY25 | $1.11 | $1.26 | +13.5% | $323.8M | $335.5M | +3.6% | −1.30% |
| Oct 28, 2025Q3 FY25 | $0.97 | $1.02 | +5.2% | $322.1M | $301.3M | −6.5% | −1.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $277.1M | $282.7M | $301.3M | $350.7M | $295.4M | $475.0M | |
| Gross profit | $122.0M | $116.9M | $138.0M | $348.7M | $293.1M | $112.0M | |
| Operating income | $86.5M | $79.8M | $101.8M | $146.7M | $86.8M | $92.0M | |
| Net income | $61.1M | $67.6M | $66.8M | $94.8M | $58.0M | $80.9M | |
| Diluted EPS | $0.82 | $0.94 | $0.93 | $1.22 | $0.76 | $1.14 | |
| Gross margin | 44.0% | 41.3% | 45.8% | 99.4% | 99.2% | 23.6% | |
| Operating margin | 31.2% | 28.2% | 33.8% | 41.8% | 29.4% | 19.4% |
Fiscal years (4-quarter sums)FY21 $1.23B · FY22 $993.3M · FY23 $975.1M · FY24 $1.11B · FY25 $1.21B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $334.5M · Total debt $314.9M · Total assets $1.46B · Shareholders' equity $463.4M
Dividends
Raised for 2 straight years — most recently to $0.80 from $0.77 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.80 | raised from $0.77 |
| May 15, 2026 | May 15 | May 29 | $0.77 | cut from $0.88 |
| Feb 13, 2026 | Feb 13 | Feb 27 | $1.58 | special dividend |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.88 | raised from $0.73 |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.73 | raised from $0.68 |
| May 16, 2025 | May 16 | May 30 | $0.68 | cut from $0.82 |
| Feb 14, 2025 | Feb 14 | Feb 28 | $1.34 | special dividend |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.82 | raised from $0.71 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 70.99M · Float 68.94M · 97.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 11.20M | 15.77% | 13F | Aug 7, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 5.17M | 7.28% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.21M | 5.93% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.06M | 4.31% | 13F | Aug 13, 2026 |
| State Street Corp | 2.95M | 4.15% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Gregory K. Ramirez | officer: Executive Vice President | −7,000 | $42.59 |
Peers
- T. Rowe Price
Active equity, fixed income and multi-asset peer at scale
- Franklin Templeton
Global active platform spanning public and private markets
- Invesco
Broad public, private, active and passive asset manager
- Affiliated Managers Group
Specialist affiliate model with long-only and alternatives overlap
- BlackRock
Scale leader in active, passive, private markets and outsourcing
- Federated Hermes
Active manager with equity, fixed income and liquidity scale
- Cohen & Steers
Real-assets specialist overlapping the Grandview expansion
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Artisan Partners | $43.47 | −0.02% | $3.09B | 10.7 | 11.2 | 2.2 | +13.2% |
| T. Rowe Price | $111.60 | +0.32% | $23.84B | 11.2 | 10.8 | 3.1 | +10.7% |
| Franklin Templeton | $35.05 | +1.15% | $18.01B | 23.1 | 11.3 | 1.9 | −12.0% |
| Invesco | $32.86 | +0.05% | $14.57B | — | 10.8 | 2.1 | −12.3% |
| Affiliated Managers Group | $370.87 | −0.02% | $9.80B | 12.8 | 9.4 | 3.9 | +29.9% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Federated Hermes | $64.41 | −0.03% | $4.89B | 11.8 | 11.4 | 2.5 | +18.3% |
| Cohen & Steers | $82.81 | +0.25% | $4.25B | 25.4 | 22.2 | 7.1 | +6.6% |
| Median | 18.0 | 11.3 | 3.1 | +10.7% |