Brokerages Set Artisan Partners Asset Management Inc. (NYSE:APAM) PT at $44.25

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $44.25.

Several research analysts have recently commented on APAM shares. Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Evercore ISI lifted their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Finally, TD Cowen dropped their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, September 15th.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $44.31 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.11 and a beta of 1.76. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $48.50. The business has a 50 day simple moving average of $42.21 and a 200-day simple moving average of $44.28.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The firm had revenue of $301.29 million during the quarter, compared to the consensus estimate of $300.90 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.88 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is 96.17%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new stake in Artisan Partners Asset Management in the 3rd quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in shares of Artisan Partners Asset Management in the third quarter valued at approximately $28,000. Community Bank N.A. bought a new stake in shares of Artisan Partners Asset Management during the third quarter valued at approximately $33,000. IFP Advisors Inc boosted its position in shares of Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after buying an additional 300 shares during the period. Finally, Plato Investment Management Ltd bought a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $43,000. 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.