Shares of Artisan Partners Asset Management Inc (NYSE:APAM) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.50.

A number of brokerages have recently issued reports on APAM. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call.

Several institutional investors and hedge funds have recently modified their holdings of APAM. Channing Capital Management LLC raised its position in Artisan Partners Asset Management by 11.3% in the third quarter. Channing Capital Management LLC now owns 1,749,264 shares of the asset manager’s stock valued at $57,026,000 after purchasing an additional 178,215 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Artisan Partners Asset Management during the third quarter valued at about $127,000. Victory Capital Management Inc. grew its stake in shares of Artisan Partners Asset Management by 15.4% during the third quarter. Victory Capital Management Inc. now owns 25,225 shares of the asset manager’s stock valued at $822,000 after acquiring an additional 3,371 shares in the last quarter. Financial Sense Advisors Inc. acquired a new stake in shares of Artisan Partners Asset Management during the third quarter valued at about $219,000. Finally, Boston Advisors LLC grew its stake in shares of Artisan Partners Asset Management by 58.9% during the third quarter. Boston Advisors LLC now owns 27,800 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 10,300 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Artisan Partners Asset Management (NYSE:APAM) opened at 34.40 on Wednesday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.29 and a beta of 1.77. The company’s 50-day moving average price is $33.40 and its 200 day moving average price is $30.84. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $36.33.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $204.60 million during the quarter, compared to the consensus estimate of $204.53 million. Artisan Partners Asset Management had a return on equity of 56.88% and a net margin of 24.88%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Artisan Partners Asset Management will post $2.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 145.46%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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