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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned an average recommendation of “Hold” from the four analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $44.13.

A number of research firms recently weighed in on APAM. TD Cowen boosted their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Evercore ISI increased their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $48.59 on Thursday. The stock has a 50 day simple moving average of $42.94 and a 200 day simple moving average of $42.35. The stock has a market cap of $3.91 billion, a P/E ratio of 13.65 and a beta of 1.79. Artisan Partners Asset Management has a 1-year low of $34.94 and a 1-year high of $49.30. The company has a current ratio of 0.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.51%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Research analysts anticipate that Artisan Partners Asset Management will post 3.49 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 79.11%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several large investors have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd bought a new stake in Artisan Partners Asset Management during the first quarter worth approximately $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Artisan Partners Asset Management by 11.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock worth $18,314,000 after acquiring an additional 42,522 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Artisan Partners Asset Management by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager’s stock worth $59,197,000 after acquiring an additional 102,421 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Artisan Partners Asset Management in the 1st quarter valued at about $9,907,000. Finally, Raymond James & Associates boosted its position in shares of Artisan Partners Asset Management by 8.0% during the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock valued at $19,652,000 after purchasing an additional 33,618 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

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.