Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been assigned an average rating of “Reduce” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.25.

APAM has been the topic of several recent research reports. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group dropped their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Artisan Partners Asset Management by 24.9% in the 1st quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock valued at $5,421,000 after purchasing an additional 27,676 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Artisan Partners Asset Management by 6.4% during the 1st quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock worth $2,712,000 after buying an additional 4,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Artisan Partners Asset Management by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock worth $1,465,000 after buying an additional 1,626 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Artisan Partners Asset Management by 46.8% during the 1st quarter. Intech Investment Management LLC now owns 30,184 shares of the asset manager’s stock valued at $1,180,000 after buying an additional 9,629 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Artisan Partners Asset Management by 58.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,982 shares of the asset manager’s stock valued at $221,000 after buying an additional 1,838 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

APAM opened at $39.30 on Friday. The firm has a market capitalization of $3.17 billion, a PE ratio of 9.95 and a beta of 1.68. Artisan Partners Asset Management has a twelve month low of $33.96 and a twelve month high of $48.46. The firm’s 50-day moving average price is $36.66 and its 200 day moving average price is $38.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to analysts’ expectations 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 was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 EPS. As a group, sell-side analysts expect that Artisan Partners Asset Management will post 3.89 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 7.8%. Artisan Partners Asset Management’s payout ratio is presently 77.97%.

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.