Jefferies Group restated their hold rating on shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in a research note issued to investors on Tuesday. They currently have a $29.00 target price on the stock.

Several other research firms have also issued reports on APAM. Zacks Investment Research lowered shares of Artisan Partners Asset Management from a buy rating to a hold rating in a research report on Monday, June 13th. Bank of America Corp. lowered shares of Artisan Partners Asset Management from a neutral rating to an underperform rating in a research report on Tuesday, June 28th. Citigroup Inc. reissued a hold rating on shares of Artisan Partners Asset Management in a research report on Thursday, June 30th. Credit Suisse Group AG lowered shares of Artisan Partners Asset Management from an outperform rating to a neutral rating and set a $26.00 price target for the company. in a research report on Thursday, July 14th. Finally, Royal Bank Of Canada lowered shares of Artisan Partners Asset Management from an outperform rating to a sector perform rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has an average rating of Hold and an average target price of $29.70.

Shares of Artisan Partners Asset Management (NYSE:APAM) opened at 26.95 on Tuesday. The company’s 50-day moving average price is $27.19 and its 200 day moving average price is $29.56. Artisan Partners Asset Management has a one year low of $23.65 and a one year high of $40.62. The company has a market cap of $1.13 billion, a PE ratio of 16.36 and a beta of 1.72.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $180.80 million for the quarter, compared to analyst estimates of $181.65 million. Artisan Partners Asset Management had a net margin of 9.80% and a return on equity of 141.04%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. Equities analysts forecast that Artisan Partners Asset Management will post $2.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 8.91%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 146.34%.

In related news, Director Stephanie Dimarco purchased 1,078 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were acquired at an average cost of $38.95 per share, with a total value of $41,988.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 40.29% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BB&T Securities LLC raised its position in shares of Artisan Partners Asset Management by 37.7% in the first quarter. BB&T Securities LLC now owns 12,803 shares of the company’s stock valued at $394,000 after buying an additional 3,503 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Artisan Partners Asset Management during the first quarter valued at $629,000. Credit Agricole S A acquired a new position in shares of Artisan Partners Asset Management during the first quarter valued at $321,000. Burgundy Asset Management Ltd. raised its position in shares of Artisan Partners Asset Management by 15.3% in the first quarter. Burgundy Asset Management Ltd. now owns 1,644,897 shares of the company’s stock valued at $50,729,000 after buying an additional 218,080 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of Artisan Partners Asset Management by 5.3% in the first quarter. TimesSquare Capital Management LLC now owns 1,580,000 shares of the company’s stock valued at $48,727,000 after buying an additional 80,200 shares in the last quarter. Institutional investors and hedge funds own 55.86% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

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