Credit Suisse Group AG restated their hold rating on shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in a report published on Monday morning. Credit Suisse Group AG currently has a $21.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on the stock. RBC Capital Markets cut shares of Artisan Partners Asset Management from an outperform rating to a sector perform rating and dropped their target price for the company from $38.00 to $31.00 in a report on Monday, July 25th. Keefe, Bruyette & Woods dropped their target price on shares of Artisan Partners Asset Management from $30.00 to $28.00 and set a market perform rating on the stock in a report on Wednesday, July 27th. Jefferies Group reaffirmed a hold rating and issued a $29.00 target price on shares of Artisan Partners Asset Management in a report on Tuesday, September 13th. Royal Bank Of Canada cut shares of Artisan Partners Asset Management from an outperform rating to a sector perform rating and dropped their target price for the company from $38.00 to $31.00 in a report on Monday, July 25th. Finally, Zacks Investment Research raised shares of Artisan Partners Asset Management from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $28.60.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

Artisan Partners Asset Management (NYSE:APAM) opened at 25.65 on Monday. The firm’s 50-day moving average is $27.02 and its 200-day moving average is $28.62. Artisan Partners Asset Management has a 52 week low of $23.65 and a 52 week high of $39.98. The company has a market cap of $1.08 billion, a PE ratio of 15.81 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. Artisan Partners Asset Management had a net margin of 10.09% and a return on equity of 136.53%. The firm had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $182.31 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts expect that Artisan Partners Asset Management will post $2.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.36%. The ex-dividend date of this dividend is Monday, November 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 149.07%.

In other news, Director Stephanie Dimarco purchased 1,078 shares of the business’s stock in a transaction dated Wednesday, November 30th. The stock was bought at an average price of $38.95 per share, with a total value of $41,988.10. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 40.29% of the company’s stock.

Several hedge funds have recently modified their holdings of APAM. Greatmark Investment Partners Inc. increased its stake in shares of Artisan Partners Asset Management by 333.9% in the second quarter. Greatmark Investment Partners Inc. now owns 29,180 shares of the company’s stock worth $808,000 after buying an additional 22,455 shares during the period. GW&K Investment Management LLC increased its stake in shares of Artisan Partners Asset Management by 18.8% in the second quarter. GW&K Investment Management LLC now owns 208,425 shares of the company’s stock worth $5,769,000 after buying an additional 32,947 shares during the period. Bank of Montreal Can bought a new position in shares of Artisan Partners Asset Management during the second quarter valued at approximately $105,000. Nisa Investment Advisors LLC increased its position in shares of Artisan Partners Asset Management by 35.8% in the second quarter. Nisa Investment Advisors LLC now owns 16,700 shares of the company’s stock valued at $462,000 after buying an additional 4,400 shares during the last quarter. Finally, Alpha Windward LLC bought a new position in shares of Artisan Partners Asset Management during the second quarter valued at approximately $355,000. 55.95% of the stock is owned by institutional investors.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

Receive News & Stock Ratings for Artisan Partners Asset Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management Inc. and related stocks with our FREE daily email newsletter.