Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Average Rating of “Hold” from Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.79.

Several equities research analysts have commented on the company. The Goldman Sachs Group lowered Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $48.00 in a research report on Tuesday, January 4th. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Finally, Citigroup lowered their price objective on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 12th.

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Artisan Partners Asset Management by 11,578.0% in the 4th quarter. Victory Capital Management Inc. now owns 825,867 shares of the asset manager’s stock valued at $39,344,000 after purchasing an additional 818,795 shares during the last quarter. BlackRock Inc. raised its stake in Artisan Partners Asset Management by 11.1% in the 4th quarter. BlackRock Inc. now owns 5,035,039 shares of the asset manager’s stock valued at $239,870,000 after purchasing an additional 502,899 shares during the last quarter. Norges Bank acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $23,710,000. Vaughan Nelson Investment Management L.P. acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $15,461,000. Finally, Atlanta Capital Management Co. L L C raised its stake in Artisan Partners Asset Management by 20.6% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,071,549 shares of the asset manager’s stock valued at $51,049,000 after purchasing an additional 183,101 shares during the last quarter. Hedge funds and other institutional investors own 68.45% of the company’s stock.

Shares of NYSE APAM opened at $37.35 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. Artisan Partners Asset Management has a 52 week low of $33.93 and a 52 week high of $57.21. The firm has a 50 day moving average price of $37.86. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.37 and a beta of 1.78.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The asset manager reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. Artisan Partners Asset Management had a return on equity of 157.99% and a net margin of 27.42%. The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $315.87 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Artisan Partners Asset Management will post 4.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Monday, February 14th were given a dividend of $1.75 per share. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Friday, February 11th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 18.74%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 81.26%.

About Artisan Partners Asset Management (Get Rating)

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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