Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Has Average Target Price of $37.25 According to Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.25.

APAM has been the topic of several research reports. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Royal Bank Of Canada decreased their target price on Artisan Partners Asset Management from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen restated a “hold” rating and issued a $37.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, September 11th. The Goldman Sachs Group dropped their price target on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Friday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, September 29th.

Insider Buying and Selling at Artisan Partners Asset Management

In related news, EVP Gregory Ramirez sold 7,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total value of $298,130.00. Following the completion of the transaction, the executive vice president directly owned 109,194 shares in the company, valued at $4,650,572.46. This trade represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Artisan Partners Asset Management

Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System bought a new position in shares of Artisan Partners Asset Management during the first quarter valued at approximately $1,135,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth approximately $996,000. Dimensional Fund Advisors LP boosted its position in shares of Artisan Partners Asset Management by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,380 shares of the asset manager’s stock worth $60,782,000 after purchasing an additional 30,863 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Artisan Partners Asset Management by 39.8% in the 2nd quarter. Squarepoint Ops LLC now owns 66,967 shares of the asset manager’s stock worth $2,312,000 after buying an additional 19,069 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Artisan Partners Asset Management by 11.0% in the 1st quarter. Bank of America Corp DE now owns 343,520 shares of the asset manager’s stock worth $12,501,000 after buying an additional 33,921 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.5%

Shares of NYSE APAM opened at $33.48 on Thursday. The firm has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $37.87. Artisan Partners Asset Management has a 12 month low of $33.02 and a 12 month high of $46.53. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.71 billion, a PE ratio of 8.13 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The firm had revenue of $307.91 million for the quarter, compared to analyst estimates of $301.32 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts expect that Artisan Partners Asset Management will post 3.86 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.80 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.6%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.67%.

About Artisan Partners Asset Management

Artisan Partners Asset Management, Inc (NYSE: APAM) is a global investment management firm that provides active investment strategies to institutional investors, financial intermediaries and private clients. The company operates through affiliated investment teams with distinct approaches, investment philosophies and areas of expertise.

Artisan Partners offers a range of equity, fixed-income and alternative investment strategies. Its products and services include separately managed accounts, mutual funds, collective investment trusts and other investment vehicles designed for institutions, wealth managers and individual investors.