Artisan Partners Asset Management Inc. (NYSE:APAM) Given Average Rating of “Hold” by Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.50.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. TD Cowen lowered their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Finally, Evercore ISI boosted their target price on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Friday, September 5th.

Artisan Partners Asset Management Stock Up 1.3%

Shares of Artisan Partners Asset Management stock opened at $42.97 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $45.83 and its two-hundred day simple moving average is $42.74. The company has a market cap of $3.47 billion, a P/E ratio of 11.43 and a beta of 1.72. Artisan Partners Asset Management has a 12-month low of $32.75 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The firm had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s dividend payout ratio is 77.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APAM. WealthCollab LLC lifted its holdings in Artisan Partners Asset Management by 17.0% in the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 247 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after purchasing an additional 249 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Artisan Partners Asset Management by 1.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after purchasing an additional 251 shares in the last quarter. Guinness Asset Management LTD lifted its holdings in Artisan Partners Asset Management by 2.4% in the 2nd quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock valued at $484,000 after purchasing an additional 253 shares in the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in Artisan Partners Asset Management by 5.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock valued at $246,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.