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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.50.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Evercore ISI raised their target price on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Friday, September 5th. TD Cowen lowered their target price on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. Finally, Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th.

Artisan Partners Asset Management Trading Up 0.1%

Shares of Artisan Partners Asset Management stock opened at $43.85 on Friday. Artisan Partners Asset Management has a 12-month low of $32.75 and a 12-month high of $49.54. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 11.66 and a beta of 1.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $46.08 and its 200-day moving average price is $42.67.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.73 per share. The ex-dividend date was Friday, August 15th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 6.7%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 77.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Artisan Partners Asset Management by 12.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager’s stock valued at $2,234,000 after acquiring an additional 6,508 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Artisan Partners Asset Management in the first quarter valued at $275,000. Drake & Associates LLC boosted its holdings in Artisan Partners Asset Management by 31.0% in the first quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager’s stock valued at $1,571,000 after acquiring an additional 9,518 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Artisan Partners Asset Management by 80.2% in the fourth quarter. Squarepoint Ops LLC now owns 19,397 shares of the asset manager’s stock valued at $835,000 after acquiring an additional 8,633 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in Artisan Partners Asset Management by 7.6% in the first quarter. Twelve Points Wealth Management LLC now owns 77,190 shares of the asset manager’s stock valued at $3,018,000 after acquiring an additional 5,478 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.