Artisan Partners Asset Management (NYSE:APAM) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.26 and traded as low as $41.15. Artisan Partners Asset Management shares last traded at $41.4050, with a volume of 963,851 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APAM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 15th. TD Cowen decreased their price objective on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a report on Monday, September 15th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Finally, Evercore ISI raised their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.25.

Artisan Partners Asset Management Stock Down 0.6%

The stock has a market cap of $3.34 billion, a P/E ratio of 11.31 and a beta of 1.77. The firm has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $44.28. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 8.5%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 96.17%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Large investors have recently added to or reduced their stakes in the stock. WealthCollab LLC lifted its position in shares of Artisan Partners Asset Management by 17.0% during the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 247 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 24.1% in the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after acquiring an additional 249 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of 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 grew its holdings in shares of Artisan Partners Asset Management by 2.4% during 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 during the last quarter. Finally, Belpointe Asset Management LLC increased its position in Artisan Partners Asset Management by 4.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock worth $270,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.