Artisan Partners Asset Management (NYSE:APAM) Sets New 12-Month Low – Here’s Why

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $36.40 and last traded at $37.62, with a volume of 509141 shares trading hands. The stock had previously closed at $40.22.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Stock Down 4.3 %

The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $42.03 and its 200-day simple moving average is $43.83. The company has a market capitalization of $2.84 billion, a PE ratio of 9.73 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. As a group, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.65%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Trading of Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of APAM. Bessemer Group Inc. boosted its position in Artisan Partners Asset Management by 208.6% in the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock worth $25,000 after purchasing an additional 388 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Artisan Partners Asset Management by 110.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after buying an additional 330 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock valued at $44,000 after buying an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at $57,000. 86.45% of the stock is owned by institutional investors and hedge funds.

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.