Artisan Partners Asset Management (NYSE:APAM) Hits New 52-Week Low – Should You Sell?

Artisan Partners Asset Management Inc. (NYSE:APAM) hit a new 52-week low on Tuesday . The company traded as low as $34.78 and last traded at $34.8340, with a volume of 1503569 shares. The stock had previously closed at $37.19.

Analysts Set New Price Targets

APAM has been the subject of several analyst reports. Royal Bank Of Canada lowered their price target on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered their price target on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, April 7th. Finally, Zacks Research upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Stock Performance

The firm’s 50-day moving average price is $37.08 and its 200 day moving average price is $39.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 8.75 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a yield of 8.9%. Artisan Partners Asset Management’s payout ratio is currently 77.97%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in Artisan Partners Asset Management during the third quarter valued at approximately $3,653,000. Elo Mutual Pension Insurance Co grew its holdings in Artisan Partners Asset Management by 187.2% during the third quarter. Elo Mutual Pension Insurance Co now owns 38,730 shares of the asset manager’s stock valued at $1,681,000 after purchasing an additional 25,243 shares during the period. UBS Group AG grew its holdings in Artisan Partners Asset Management by 21.6% during the fourth quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock valued at $11,369,000 after purchasing an additional 49,635 shares during the period. Vanguard Group Inc. grew its holdings in Artisan Partners Asset Management by 0.7% during the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after purchasing an additional 52,644 shares during the period. Finally, Versor Investments LP acquired a new position in Artisan Partners Asset Management during the third quarter valued at approximately $972,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.