Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $39.25 Consensus PT from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.75.

Several research firms recently issued reports on APAM. Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Finally, Royal Bank Of Canada cut their price target on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Artisan Partners Asset Management by 11.0% during the 1st quarter. Bank of America Corp DE now owns 343,520 shares of the asset manager’s stock worth $12,501,000 after purchasing an additional 33,921 shares during the period. Edgestream Partners L.P. increased its holdings in shares of Artisan Partners Asset Management by 101.7% in the 1st quarter. Edgestream Partners L.P. now owns 218,013 shares of the asset manager’s stock valued at $7,933,000 after acquiring an additional 109,926 shares during the last quarter. Smith Group Asset Management LLC increased its holdings in shares of Artisan Partners Asset Management by 9.5% in the 1st quarter. Smith Group Asset Management LLC now owns 13,436 shares of the asset manager’s stock valued at $489,000 after acquiring an additional 1,168 shares during the last quarter. Amundi increased its holdings in shares of Artisan Partners Asset Management by 6.0% in the 1st quarter. Amundi now owns 16,030 shares of the asset manager’s stock valued at $583,000 after acquiring an additional 909 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Artisan Partners Asset Management by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,036 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 1,037 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $35.27 on Friday. The business’s fifty day simple moving average is $37.10 and its 200-day simple moving average is $39.80. Artisan Partners Asset Management has a 52 week low of $34.78 and a 52 week high of $48.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.84 billion, a PE ratio of 8.93 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The firm had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. During the same period in the previous year, the company posted $0.83 EPS. Artisan Partners Asset Management’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Artisan Partners Asset Management will post 3.93 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 annualized dividend and a yield of 8.7%. Artisan Partners Asset Management’s dividend payout ratio is 77.97%.

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.