Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Average Rating of “Reduce” from Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has received an average rating of “Reduce” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.00.

Several research firms recently issued reports on APAM. Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research report on Thursday, July 2nd. Evercore set a $36.00 price target on shares of Artisan Partners Asset Management in a research report on Friday, July 10th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. TD Cowen lifted their price target on shares of Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Artisan Partners Asset Management from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 7,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $42.59, for a total transaction of $298,130.00. Following the completion of the sale, the executive vice president owned 109,194 shares of the company’s stock, valued at approximately $4,650,572.46. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Artisan Partners Asset Management by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock worth $124,185,000 after purchasing an additional 54,667 shares during the period. State Street Corp increased its position in Artisan Partners Asset Management by 0.4% during the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock worth $122,755,000 after purchasing an additional 12,356 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Artisan Partners Asset Management by 12.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after buying an additional 289,105 shares during the period. Morgan Stanley raised its holdings in Artisan Partners Asset Management by 1.5% in the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock valued at $82,402,000 after buying an additional 30,515 shares during the period. Finally, Channing Capital Management LLC raised its holdings in Artisan Partners Asset Management by 14.6% in the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock valued at $80,165,000 after buying an additional 250,475 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $42.12 on Wednesday. The business’s 50-day moving average price is $38.70 and its 200 day moving average price is $38.35. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.41. Artisan Partners Asset Management has a twelve month low of $33.96 and a twelve month high of $47.57. The company has a market capitalization of $3.41 billion, a PE ratio of 10.22 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, beating the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.The company had revenue of $307.91 million during the quarter, compared to analysts’ expectations of $301.32 million. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Artisan Partners Asset Management will post 3.91 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.80 dividend. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 7.6%. Artisan Partners Asset Management’s dividend payout ratio is 77.67%.

About Artisan Partners Asset Management

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.