Artisan Partners Asset Management (NYSE:APAM) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Artisan Partners Asset Management (NYSE:APAM) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. The Goldman Sachs Group cut their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 target price on shares of Artisan Partners Asset Management in a research report on Tuesday. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Finally, Weiss Ratings cut Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $40.20.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $38.07 on Tuesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 9.49 and a beta of 1.76. Artisan Partners Asset Management has a 52-week low of $34.99 and a 52-week high of $48.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $37.90 and its 200 day moving average is $41.23.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $335.51 million during the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.Artisan Partners Asset Management’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.96 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.57 per share. This represents a dividend yield of 134.0%. The ex-dividend date was Friday, February 13th. Artisan Partners Asset Management’s payout ratio is presently 100.75%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Artisan Partners Asset Management in the third quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in shares of Artisan Partners Asset Management during the third quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new stake in Artisan Partners Asset Management in the fourth quarter valued at approximately $32,000. Community Bank N.A. purchased a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $33,000. Finally, Triumph Capital Management increased its holdings in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after buying an additional 450 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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.