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

Artisan Partners Asset Management Inc. (NYSE:APAM) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have 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 $44.00.

APAM has been the topic of a number of research analyst reports. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada dropped their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th.

Artisan Partners Asset Management Trading Down 0.5%

Shares of APAM opened at $35.88 on Friday. Artisan Partners Asset Management has a 1-year low of $32.75 and a 1-year high of $48.50. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.95 and a beta of 1.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $41.44 and its 200 day simple moving average is $42.61.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $335.51 million during the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Sell-side analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 100.75%.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of institutional investors have recently made changes to their positions in APAM. Corient Private Wealth LLC boosted its holdings in Artisan Partners Asset Management by 170.8% during the 4th quarter. Corient Private Wealth LLC now owns 16,219 shares of the asset manager’s stock valued at $661,000 after acquiring an additional 10,230 shares during the period. SHP Wealth Management bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth about $64,000. Caitong International Asset Management Co. Ltd increased its holdings in Artisan Partners Asset Management by 522.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,974 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 1,657 shares during the period. DGS Capital Management LLC grew its position in shares of Artisan Partners Asset Management by 4.2% in the 4th quarter. DGS Capital Management LLC now owns 32,467 shares of the asset manager’s stock worth $1,323,000 after buying an additional 1,318 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Artisan Partners Asset Management in the fourth quarter worth $237,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

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.