Artisan Partners Asset Management (NYSE:APAM) Price Target Lowered to $34.00 at The Goldman Sachs Group

Artisan Partners Asset Management (NYSE:APAM) had its price objective reduced by The Goldman Sachs Group from $39.00 to $34.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the asset manager’s stock.

APAM has been the topic of a number of other research reports. Royal Bank Of Canada dropped their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

Artisan Partners Asset Management Stock Down 2.0%

Artisan Partners Asset Management stock opened at $35.45 on Tuesday. The stock has a fifty day simple moving average of $39.61 and a two-hundred day simple moving average of $41.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 8.84 and a beta of 1.76. Artisan Partners Asset Management has a 12 month low of $33.21 and a 12 month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $335.51 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.05 EPS. Equities analysts predict that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.57 dividend. 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 presently 100.75%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently made changes to their positions in the business. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth approximately $27,000. Chilton Capital Management LLC purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth approximately $28,000. Community Bank N.A. purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth approximately $33,000. Eagle Bay Advisors LLC purchased a new position in Artisan Partners Asset Management during the fourth quarter valued at $32,000. Finally, Triumph Capital Management lifted its position in Artisan Partners Asset Management by 112.5% during the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

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.