StockNews.com Lowers Artisan Partners Asset Management (NYSE:APAM) to Hold

StockNews.com lowered shares of Artisan Partners Asset Management (NYSE:APAM) from a buy rating to a hold rating in a research report sent to investors on Friday.

Separately, TD Cowen increased their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a hold rating in a research report on Thursday, July 25th.

Artisan Partners Asset Management Stock Performance

APAM opened at $42.87 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.56 and a quick ratio of 0.64. The business has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $42.84. Artisan Partners Asset Management has a 1 year low of $32.12 and a 1 year high of $46.75. The company has a market capitalization of $3.45 billion, a PE ratio of 13.07 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million during the quarter, compared to the consensus estimate of $274.70 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Research analysts expect that Artisan Partners Asset Management will post 3.41 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.62%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $925,000. UniSuper Management Pty Ltd bought a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Artisan Partners Asset Management by 11.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock worth $18,314,000 after buying an additional 42,522 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Artisan Partners Asset Management by 25.2% during the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after buying an additional 318,355 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of Artisan Partners Asset Management by 33.2% during the 4th quarter. Natixis Advisors L.P. now owns 167,010 shares of the asset manager’s stock worth $7,378,000 after buying an additional 41,599 shares during the last quarter. 86.45% of the stock is owned by institutional investors.

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.