Artisan Partners Asset Management (NYSE:APAM) Reaches New 1-Year Low – Should You Sell?

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week low on Wednesday . The stock traded as low as $34.23 and last traded at $34.31, with a volume of 176303 shares traded. The stock had previously closed at $34.53.

Wall Street Analyst Weigh In

Several research firms have recently commented on APAM. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings lowered Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Royal Bank Of Canada decreased 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. Evercore set a $39.00 price target on Artisan Partners Asset Management in a report on Monday, June 8th. Finally, The Goldman Sachs Group lowered their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus price target of $39.75.

Artisan Partners Asset Management Price Performance

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 company has a 50-day moving average of $36.62 and a 200-day moving average of $39.06. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 8.97 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.87 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 company had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. During the same quarter last year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

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

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in 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 in the last quarter. State Street Corp boosted its position in shares of Artisan Partners Asset Management by 0.4% during the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock worth $122,755,000 after buying an additional 12,356 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock worth $94,175,000 after buying an additional 289,105 shares during the period. Morgan Stanley grew its holdings in shares of Artisan Partners Asset Management by 1.5% during the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock worth $82,402,000 after buying an additional 30,515 shares in the last quarter. Finally, Channing Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management by 14.6% during the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after buying an additional 250,475 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

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.