Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.75.

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings lowered shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. The Goldman Sachs Group decreased their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. Zacks Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $35.43 on Tuesday. The company’s 50 day moving average price is $36.56 and its 200 day moving average price is $39.04. Artisan Partners Asset Management has a 52 week low of $33.96 and a 52 week high of $48.50. The company has a market capitalization of $2.85 billion, a PE ratio of 8.97 and a beta of 1.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The firm had revenue of $303.01 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Research analysts expect that Artisan Partners Asset Management will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 77.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of APAM. Foster Dykema Cabot & Partners LLC acquired a new position in Artisan Partners Asset Management during the 3rd quarter valued at $27,000. Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at $32,000. Community Bank N.A. acquired a new stake in Artisan Partners Asset Management in the 3rd quarter worth $33,000. Triumph Capital Management grew its position in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.