Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.00 Average Price Target from Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAM) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.00.

Several research firms recently issued reports on APAM. Royal Bank Of Canada reduced their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday.

Artisan Partners Asset Management Trading Down 1.3%

Shares of NYSE APAM opened at $39.90 on Wednesday. The business has a 50 day simple moving average of $42.87 and a 200 day simple moving average of $43.48. Artisan Partners Asset Management has a 52 week low of $32.75 and a 52 week high of $48.50. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 9.95 and a beta of 1.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. On average, research analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.57 per share. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is currently 100.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $27,000. Chilton Capital Management LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in Artisan Partners Asset Management in the 4th quarter valued at approximately $32,000. Community Bank N.A. bought a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $33,000. Finally, Triumph Capital Management increased its position in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.