Very Positive News Coverage Extremely Likely to Affect Artisan Partners Asset Management (APAM) Share Price
News stories about Artisan Partners Asset Management (NYSE:APAM) have been trending very positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Artisan Partners Asset Management earned a daily sentiment score of 0.68 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- $204.15 Million in Sales Expected for Artisan Partners Asset Management Inc. (APAM) This Quarter (americanbankingnews.com)
- Artisan Partners Asset Management Inc. (NYSE:APAM) Upgraded to “Buy” at Sidoti (americanbankingnews.com)
- Artisan Partners Asset Management Inc. (NYSE:APAM) Downgraded by BidaskClub (footballhebdo.com)
- Critical Analysis: KKR & Co. L.P. (KKR) versus Artisan Partners Asset Management (NYSE:APAM) (americanbankingnews.com)
- Artisan Partners Asset Management, Inc. :APAM-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
Several research analysts have weighed in on the stock. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $32.00 price target on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Royal Bank Of Canada set a $36.00 price target on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Monday, June 5th. Finally, Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $33.00 in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Artisan Partners Asset Management presently has an average rating of “Hold” and an average target price of $29.94.
Shares of Artisan Partners Asset Management (APAM) traded up 1.78% during mid-day trading on Monday, reaching $31.45. 391,896 shares of the company’s stock were exchanged. Artisan Partners Asset Management has a 52-week low of $24.48 and a 52-week high of $33.85. The stock’s 50-day moving average is $31.20 and its 200-day moving average is $29.18. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 17.94 and a beta of 1.75.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $194.25 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts expect that Artisan Partners Asset Management will post $2.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.63%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 145.46%.
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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