APAM

Artisan Partners Asset Management (APAM) is experiencing significant implied volatility in its options market, with the Dec. 18, 2026 $20 call showing some of the highest implied volatility levels. However, the fundamental outlook remains weak, with the company holding a Zacks Rank #5 (Sell) rating. Analysts have downgraded earnings estimates for the current quarter from $1 to 90 cents per share over the last 30 days, suggesting options traders may be positioning for a premium-selling strategy rather than expecting a substantial stock move.

Affiliated Managers Group (AMG) stock hit a 52-week high of $395, up 61.3% over the past year, driven by strong growth in alternatives which attracted $100 billion in inflows and now contribute over 60% of earnings. The company raised its 2026 buyback target to $600 million and maintains strong financial flexibility with investment-grade ratings. However, concerns include persistent equity outflows of $23.6 billion, rising expenses growing at 3.6% CAGR, and $4.09 billion in goodwill exposure to impairment risk.