Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.25 Consensus Price Target from Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAM) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.25.

APAM has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Royal Bank Of Canada lifted their target price on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Zacks Research raised Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Artisan Partners Asset Management in a research note on Monday. Finally, TD Cowen reduced their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $41.07 on Monday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 11.22 and a beta of 1.74. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $43.93 and its 200-day moving average price is $44.26. Artisan Partners Asset Management has a 12 month low of $32.75 and a 12 month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business had revenue of $301.29 million during the quarter, compared to analyst estimates of $300.90 million. During the same quarter last year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 8.6%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 96.17%.

Institutional Trading of Artisan Partners Asset Management

A number of institutional investors have recently bought and sold shares of APAM. Vaughan Nelson Investment Management L.P. boosted its position in shares of Artisan Partners Asset Management by 25.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock valued at $109,233,000 after purchasing an additional 493,300 shares in the last quarter. Nuveen LLC acquired a new position in Artisan Partners Asset Management in the first quarter valued at approximately $17,671,000. Punch & Associates Investment Management Inc. boosted its holdings in shares of Artisan Partners Asset Management by 3,362.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock worth $17,089,000 after buying an additional 424,445 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Artisan Partners Asset Management by 132.1% during the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock worth $20,371,000 after buying an additional 267,136 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Artisan Partners Asset Management by 202.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 348,615 shares of the asset manager’s stock worth $15,130,000 after buying an additional 233,523 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.