Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.00 Consensus PT from Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $44.00.

APAM has been the topic of a number of research reports. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada dropped their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $40.23 on Wednesday. The stock’s 50-day moving average is $42.93 and its two-hundred day moving average is $43.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. Artisan Partners Asset Management has a 1 year low of $32.75 and a 1 year high of $48.50. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 10.03 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last announced its 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 $335.50 million during the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Analysts predict 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 paid a $0.57 dividend. This represents a dividend yield of 134.0%. The ex-dividend date was Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 100.75%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several hedge funds have recently modified their holdings of APAM. Vanguard Group Inc. grew its position in Artisan Partners Asset Management by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after buying an additional 52,644 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Artisan Partners Asset Management by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock worth $124,185,000 after acquiring an additional 54,667 shares during the period. State Street Corp boosted its holdings in shares of Artisan Partners Asset Management by 0.4% in the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after acquiring an additional 12,356 shares in the last quarter. Morgan Stanley increased its stake in shares of Artisan Partners Asset Management by 1.5% during the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock worth $82,402,000 after acquiring an additional 30,515 shares during the period. Finally, Channing Capital Management LLC increased its stake in shares of Artisan Partners Asset Management by 14.6% during the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after acquiring an additional 250,475 shares during the period. 86.45% of the stock is owned by institutional investors and hedge funds.

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.