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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.25.

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Royal Bank Of Canada cut their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Weiss Ratings cut Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th.

Hedge Funds Weigh In On Artisan Partners Asset Management

Large investors have recently modified their holdings of the company. WealthCollab LLC lifted its stake in Artisan Partners Asset Management by 17.0% during the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 247 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Artisan Partners Asset Management by 18.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 265 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Artisan Partners Asset Management by 0.9% during the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after acquiring an additional 269 shares in the last quarter. Provident Investment Management Inc. lifted its stake in Artisan Partners Asset Management by 1.2% during the 3rd quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock valued at $968,000 after acquiring an additional 275 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Artisan Partners Asset Management by 45.8% during the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 300 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $37.38 on Friday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 9.46 and a beta of 1.67. Artisan Partners Asset Management has a 52 week low of $34.99 and a 52 week high of $48.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $37.12 and a 200-day moving average of $39.92.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. On average, equities analysts forecast that Artisan Partners Asset Management will post 3.93 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.97%.

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.