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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.00.

Several research firms have weighed in on APAM. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Royal Bank Of Canada reduced 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. increased its stake in shares of Artisan Partners Asset Management by 132.1% during the third quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after purchasing an additional 267,136 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Artisan Partners Asset Management by 18.5% during the third quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock valued at $17,941,000 after purchasing an additional 64,625 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth approximately $1,613,000. Ruffer LLP purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth approximately $3,041,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth approximately $2,041,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Down 0.5%

NYSE:APAM opened at $35.88 on Friday. The company has a 50-day moving average price of $41.44 and a 200-day moving average price of $42.61. Artisan Partners Asset Management has a 12 month low of $32.75 and a 12 month high of $48.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 8.95 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last announced 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 net margin of 24.26% and a return on equity of 73.73%. The company had revenue of $335.51 million for the quarter, compared to analysts’ expectations of $322.13 million. During the same quarter in the previous year, the company earned $1.05 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts predict that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

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

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.