Artisan Partners Asset Management Inc. (NYSE:APAM) has received an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.08.

APAM has been the topic of a number of analyst reports. BidaskClub raised shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Friday, August 18th. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Sidoti raised shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call.

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in shares of Artisan Partners Asset Management by 3.5% during the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after purchasing an additional 120 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth approximately $127,000. Ameritas Investment Partners Inc. acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth approximately $120,000. Great West Life Assurance Co. Can lifted its position in shares of Artisan Partners Asset Management by 51.2% during the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock worth $176,000 after purchasing an additional 1,832 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth approximately $192,000. Institutional investors own 63.94% of the company’s stock.

Artisan Partners Asset Management (NYSE:APAM) opened at $38.05 on Friday. Artisan Partners Asset Management has a twelve month low of $26.30 and a twelve month high of $38.80. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2,913.15, a PE ratio of 19.08, a PEG ratio of 1.66 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $204.53 million. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. equities research analysts forecast that Artisan Partners Asset Management will post 2.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.31%. Artisan Partners Asset Management’s payout ratio is 129.73%.

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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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