Artisan Partners Asset Management (APAM) Posts Quarterly Results
Artisan Partners Asset Management (NASDAQ:APAM) released its earnings data on Tuesday. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01, Stock Ratings News reports.
A number of analysts have recently weighed in on APAM shares. Analysts at Goldman Sachs Group Inc. upgraded shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 10th. On a related note, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Artisan Partners Asset Management in a research note to investors on Friday, January 10th. They now have a $70.00 price target on the stock, up previously from $62.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Artisan Partners Asset Management in a research note to investors on Sunday, November 17th. They now have a $65.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.70.
Artisan Partners Asset Management (NASDAQ:APAM) opened at 61.32 on Tuesday. Artisan Partners Asset Management has a one year low of $35.14 and a one year high of $71.86. The stock has a 50-day moving average of $66.20 and a 200-day moving average of $57.72. The company has a market cap of $1.215 billion and a price-to-earnings ratio of 73.23.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of 0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.59%.
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