Artisan Partners Asset Management (NYSE:APAM) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.95 and traded as low as $35.75. Artisan Partners Asset Management shares last traded at $36.53, with a volume of 599,974 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on APAM shares. Evercore set a $37.00 target price on Artisan Partners Asset Management in a research note on Friday, April 10th. Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group reduced their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.25.

Artisan Partners Asset Management Trading Down 2.1%

The company has a 50 day moving average of $37.08 and a 200 day moving average of $39.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.25 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last posted 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 firm had revenue of $303.01 million during the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.4%. Artisan Partners Asset Management’s dividend payout ratio is currently 77.97%.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Artisan Partners Asset Management by 11.0% during the 1st quarter. Bank of America Corp DE now owns 343,520 shares of the asset manager’s stock worth $12,501,000 after purchasing an additional 33,921 shares during the period. Edgestream Partners L.P. boosted its holdings in Artisan Partners Asset Management by 101.7% during the 1st quarter. Edgestream Partners L.P. now owns 218,013 shares of the asset manager’s stock valued at $7,933,000 after acquiring an additional 109,926 shares during the period. Smith Group Asset Management LLC boosted its holdings in Artisan Partners Asset Management by 9.5% during the 1st quarter. Smith Group Asset Management LLC now owns 13,436 shares of the asset manager’s stock valued at $489,000 after acquiring an additional 1,168 shares during the period. Amundi boosted its holdings in Artisan Partners Asset Management by 6.0% during the 1st quarter. Amundi now owns 16,030 shares of the asset manager’s stock valued at $583,000 after acquiring an additional 909 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Artisan Partners Asset Management by 25.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,036 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 1,037 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile

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.