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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.60.

APAM has been the topic of several recent analyst reports. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Royal Bank Of Canada decreased their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group decreased their price target on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, April 7th. Evercore set a $37.00 price target on Artisan Partners Asset Management in a research note on Friday, April 10th. Finally, 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.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $37.66 on Thursday. The stock has a market capitalization of $3.04 billion, a PE ratio of 9.39 and a beta of 1.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day moving average price of $38.28 and a two-hundred day moving average price of $41.32. Artisan Partners Asset Management has a fifty-two week low of $33.88 and a fifty-two week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The company had revenue of $335.51 million for the quarter, compared to analyst estimates of $322.13 million. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.96 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.57 dividend. The ex-dividend date was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 100.75%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently modified their holdings of the business. Foster Dykema Cabot & Partners LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth $27,000. Chilton Capital Management LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth $28,000. Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management during the 4th quarter worth $32,000. Community Bank N.A. bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth $33,000. Finally, Triumph Capital Management grew its position in Artisan Partners Asset Management by 112.5% during the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

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.