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

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned an average rating of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.25.

Several research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. The Goldman Sachs Group dropped 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 note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Evercore set a $36.00 target price on Artisan Partners Asset Management in a report on Friday, July 10th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th.

Artisan Partners Asset Management Price Performance

APAM opened at $40.34 on Friday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.79 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Artisan Partners Asset Management has a 12-month low of $33.96 and a 12-month high of $48.46. The business’s fifty day simple moving average is $36.91 and its 200-day simple moving average is $38.57.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.71% and a net margin of 24.08%.The firm had revenue of $307.90 million during the quarter, compared to the consensus estimate of $301.32 million. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts anticipate that Artisan Partners Asset Management will post 3.89 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.9%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date is Monday, August 17th. Artisan Partners Asset Management’s payout ratio is presently 77.97%.

Institutional Trading of Artisan Partners Asset Management

Several hedge funds have recently modified their holdings of APAM. Royal Bank of Canada grew its position in shares of Artisan Partners Asset Management by 24.9% in the 1st quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock worth $5,421,000 after buying an additional 27,676 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 6.4% during the 1st quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock worth $2,712,000 after acquiring an additional 4,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Artisan Partners Asset Management by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock worth $1,465,000 after acquiring an additional 1,626 shares in the last quarter. Intech Investment Management LLC lifted its position in Artisan Partners Asset Management by 46.8% during the first quarter. Intech Investment Management LLC now owns 30,184 shares of the asset manager’s stock valued at $1,180,000 after acquiring an additional 9,629 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Artisan Partners Asset Management by 58.5% during the second quarter. Russell Investments Group Ltd. now owns 4,982 shares of the asset manager’s stock valued at $221,000 after acquiring an additional 1,838 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

More Artisan Partners Asset Management News

Here are the key news stories impacting Artisan Partners Asset Management this week:

• Positive Sentiment: Artisan Partners posted second-quarter earnings of $0.94 per share, exceeding the $0.91 analyst consensus. Revenue reached $307.9 million, above estimates of $301.3 million and up 8.9% year over year. Artisan Partners Q2 earnings report
• Positive Sentiment: The company declared a quarterly dividend of $0.80 per share, a 3.9% increase from the prior $0.77 payout. The dividend is payable August 31 to shareholders of record August 17, supporting APAM’s income-investment appeal with an indicated yield of approximately 7.8%. Artisan Partners dividend announcement
• Positive Sentiment: Profitability remained strong, with a reported net margin of 23.49% and return on equity of 72.99%. Year-over-year EPS also increased from $0.83 to $0.94. Artisan Partners earnings snapshot

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.