Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have earned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.70.

APAM has been the subject of several analyst reports. Zacks Investment Research cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods cut Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $32.00 to $33.00 in a research report on Wednesday, August 2nd. ValuEngine upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada began coverage on Artisan Partners Asset Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective for the company. Finally, BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd.

Artisan Partners Asset Management (NYSE APAM) opened at 30.05 on Tuesday. The stock’s 50 day moving average is $30.81 and its 200 day moving average is $29.34. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $33.85. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.73 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $194.25 million. During the same quarter last year, the company earned $0.53 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Artisan Partners Asset Management will post $2.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend was Tuesday, August 15th. Artisan Partners Asset Management’s payout ratio is 145.46%.

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Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Artisan Partners Asset Management in the second quarter valued at $403,000. Sterling Capital Management LLC purchased a new position in shares of Artisan Partners Asset Management in the second quarter valued at $2,150,000. Ameritas Investment Partners Inc. purchased a new position in shares of Artisan Partners Asset Management in the second quarter valued at $120,000. The Manufacturers Life Insurance Company increased its position in shares of Artisan Partners Asset Management by 1,613.0% in the second quarter. The Manufacturers Life Insurance Company now owns 34,997 shares of the asset manager’s stock valued at $1,075,000 after buying an additional 32,954 shares in the last quarter. Finally, State Street Corp increased its position in shares of Artisan Partners Asset Management by 63.7% in the second quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after buying an additional 403,737 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.

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

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