Media headlines about Artisan Partners Asset Management (NYSE:APAM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Artisan Partners Asset Management earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 46.7049784995977 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Zacks Investment Research Downgrades Artisan Partners Asset Management (APAM) to Hold (americanbankingnews.com)
- Artisan Partners Asset Management AUM slips in February (seekingalpha.com)
- BRIEF-Artisan Partners Asset Management Reports February Assets Under Management (reuters.com)
- Artisan Partners Asset Management (APAM) Reports February AUM (streetinsider.com)
- Artisan Partners Asset Management Inc. Reports February 2018 Assets Under Management (finance.yahoo.com)
A number of brokerages have issued reports on APAM. Zacks Investment Research cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada set a $46.00 price objective on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday, February 7th. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. Finally, Bank of America reduced their target price on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus price target of $37.33.
Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). The business had revenue of $210.70 million during the quarter, compared to the consensus estimate of $211.23 million. Artisan Partners Asset Management had a return on equity of 119.11% and a net margin of 6.23%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. sell-side analysts expect that Artisan Partners Asset Management will post 3.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.11%. The ex-dividend date was Tuesday, February 13th. Artisan Partners Asset Management’s payout ratio is currently 315.79%.
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About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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