Brokerages Set Artisan Partners Asset Management Inc. (NYSE:APAM) Target Price at $44.00

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $44.00.

A number of brokerages recently weighed in on APAM. Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Royal Bank Of Canada decreased their target price on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors have recently modified their holdings of the company. WealthCollab LLC grew its holdings in shares of Artisan Partners Asset Management by 17.0% in the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after acquiring an additional 247 shares during the period. Belpointe Asset Management LLC raised its holdings in Artisan Partners Asset Management by 4.3% during the third quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock worth $270,000 after purchasing an additional 255 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Artisan Partners Asset Management by 18.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock worth $75,000 after purchasing an additional 265 shares in the last quarter. WINTON GROUP Ltd boosted its position in Artisan Partners Asset Management by 0.9% during the fourth quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock worth $1,214,000 after purchasing an additional 269 shares in the last quarter. Finally, Provident Investment Management Inc. grew its holdings in Artisan Partners Asset Management by 1.2% in the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock valued at $968,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $36.27 on Friday. 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 stock’s 50 day moving average is $40.85 and its two-hundred day moving average is $42.35. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $48.50. The firm has a market capitalization of $2.92 billion, a PE ratio of 9.04 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (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 the consensus estimate of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. Research analysts anticipate that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, February 27th. Shareholders 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 yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 100.75%.

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.