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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $39.75.

APAM has been the subject of several recent research reports. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Evercore set a $39.00 target price on shares of Artisan Partners Asset Management in a report on Monday. Royal Bank Of Canada reduced their target price on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Zacks Research upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of large investors have recently added to or reduced their stakes in APAM. Foster Dykema Cabot & Partners LLC bought a new position in Artisan Partners Asset Management in the third quarter worth about $27,000. Eagle Bay Advisors LLC bought a new position in Artisan Partners Asset Management in the fourth quarter worth about $32,000. Community Bank N.A. bought a new position in Artisan Partners Asset Management in the third quarter worth about $33,000. Triumph Capital Management raised its holdings in Artisan Partners Asset Management by 112.5% in the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at about $37,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

APAM stock opened at $35.51 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average price of $37.06 and a 200 day moving average price of $39.72. The company has a market capitalization of $2.86 billion, a P/E ratio of 8.99 and a beta of 1.67. Artisan Partners Asset Management has a 1-year low of $34.37 and a 1-year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). The firm had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, equities research analysts forecast that Artisan Partners Asset Management will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.77 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a yield of 8.7%. Artisan Partners Asset Management’s payout ratio is currently 77.97%.

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.