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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $39.75.

A number of analysts have recently issued reports on the stock. Evercore set a $39.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, June 8th. Royal Bank Of Canada reduced their price target on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $34.96 on Tuesday. The company has a 50 day simple moving average of $36.80 and a 200-day simple moving average of $39.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 8.85 and a beta of 1.67. Artisan Partners Asset Management has a 52-week low of $34.37 and a 52-week high of $48.50.

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

Artisan Partners Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.97%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Artisan Partners Asset Management by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock valued at $124,185,000 after acquiring an additional 54,667 shares in the last quarter. State Street Corp raised its position in Artisan Partners Asset Management by 0.4% during the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after acquiring an additional 12,356 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after acquiring an additional 289,105 shares in the last quarter. Morgan Stanley raised its position in Artisan Partners Asset Management by 1.5% during the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock valued at $82,402,000 after acquiring an additional 30,515 shares in the last quarter. Finally, Channing Capital Management LLC raised its position in Artisan Partners Asset Management by 14.6% during the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock valued at $80,165,000 after acquiring an additional 250,475 shares in 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.