Artisan Partners Asset Management Inc. (NYSE:APAM) Given Consensus Rating of “Hold” by Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.75.

A number of analysts have recently weighed in on APAM shares. The Goldman Sachs Group dropped their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. Evercore set a $39.00 price objective on Artisan Partners Asset Management in a report on Monday, June 8th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday. Finally, Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th.

Artisan Partners Asset Management Trading Down 0.0%

NYSE:APAM traded down $0.02 during midday trading on Tuesday, reaching $36.16. 168,442 shares of the stock traded hands, compared to its average volume of 731,695. The company has a fifty day moving average of $36.52 and a 200 day moving average of $38.98. Artisan Partners Asset Management has a 12 month low of $33.96 and a 12 month high of $48.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.16 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $304.01 million. During the same period last year, the business earned $0.83 EPS. Artisan Partners Asset Management’s revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Artisan Partners Asset Management will post 3.93 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.97%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently modified their holdings of APAM. Foster Dykema Cabot & Partners LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth approximately $32,000. Community Bank N.A. purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter valued at approximately $33,000. Triumph Capital Management boosted its position in shares of Artisan Partners Asset Management by 112.5% during the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 450 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.