Somewhat Positive Media Coverage Somewhat Unlikely to Affect Artisan Partners Asset Management (APAM) Stock Price
News headlines about Artisan Partners Asset Management (NYSE:APAM) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Artisan Partners Asset Management earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.8051460390389 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Artisan Partners Asset Management, Inc. : APAM-US: Dividend Analysis : August 17th, 2017 (record date) : By the numbers : September 14, 2017 (finance.yahoo.com)
- Artisan Partners Asset Management Reports August AUM (seekingalpha.com)
- $203.50 Million in Sales Expected for Artisan Partners Asset Management Inc. (APAM) This Quarter (americanbankingnews.com)
- BRIEF-Artisan Partners Asset Management Inc reports august 2017 assets under management (reuters.com)
- Artisan Partners Asset Management Inc. Reports August 2017 Assets Under Management (finance.yahoo.com)
Several brokerages recently issued reports on APAM. ValuEngine raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and upped their target price for the company from $32.00 to $33.00 in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. Zacks Investment Research lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.94.
Shares of Artisan Partners Asset Management (APAM) traded up 2.33% on Friday, hitting $30.75. The stock had a trading volume of 621,651 shares. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $33.85. The stock has a 50 day moving average price of $30.47 and a 200-day moving average price of $29.37. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 20.10 and a beta of 1.76.
Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The firm had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts expect that Artisan Partners Asset Management will post $2.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.80%. The ex-dividend date was Tuesday, August 15th. Artisan Partners Asset Management’s payout ratio is currently 145.46%.
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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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