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Investing.com - RBC Capital has raised its price target on Artisan Partners Asset Management (NYSE:APAM) to $50.00 from $44.00 while maintaining an Outperform rating. The stock, currently trading at $48.27, is approaching its 52-week high of $49.54, having delivered an impressive 28.52% return over the past year. According to InvestingPro analysis, the stock appears to be trading below its Fair Value.
The firm highlighted that Artisan Partners could benefit from any longer-term potential broadening of industry net flows towards non-US/global assets, which comprise approximately 75% of the company’s assets under management (AUM).
RBC Capital noted that Artisan Partners has experienced relatively more positive investor sentiment recently, with investors likely focusing on organic growth opportunities within the "intermediated wealth" or private wealth category.
According to the firm, this private wealth category represents 60% of Artisan’s AUM and has seen annualized organic growth of 5% over the past five years.
RBC Capital’s analysis follows a dinner meeting with recently appointed CEO Jason Gottlieb in early May, where topics discussed included Artisan Partners’ non-US AUM and growth opportunities.
In other recent news, Artisan Partners Asset Management Inc. announced the appointment of Peter Crawford to its board of directors and audit committee. Crawford previously held the position of Managing Director and Advisor at Charles Schwab (NYSE:SCHW) from October 2024 to June 2025. Before that, he served as the Chief Financial Officer at Charles Schwab from May 2017 to October 2024. His extensive experience in senior leadership roles at Charles Schwab, where he started in 2001, is noted in the company’s recent SEC filing. Crawford will participate in Artisan Partners’ standard director compensation program, as outlined in their definitive proxy statement for the 2025 annual meeting. Additionally, he has signed the company’s standard indemnification agreement for directors. These developments were detailed in a statement released by the company.
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