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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of research firms have weighed in on APAM. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Evercore boosted their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in Artisan Partners Asset Management by 24.9% during the first quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock worth $5,421,000 after buying an additional 27,676 shares during the last quarter. AQR Capital Management LLC boosted its position 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 purchasing an additional 4,177 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $1,465,000 after acquiring an additional 1,626 shares during the period. Intech Investment Management LLC boosted its position in Artisan Partners Asset Management by 46.8% in 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, CWM LLC boosted its position in Artisan Partners Asset Management by 94.5% in the 2nd quarter. CWM LLC now owns 4,136 shares of the asset manager’s stock valued at $183,000 after buying an additional 2,010 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $40.08 on Wednesday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.00 and a beta of 1.76. The stock has a 50-day moving average of $42.97 and a 200 day moving average of $43.72. The company has a current ratio of 0.91, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $322.13 million. During the same period in the previous year, the business earned $1.05 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts anticipate that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.57 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is currently 100.75%.

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.