Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.00 Average Price Target from Brokerages

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $44.00.

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

Artisan Partners Asset Management Trading Down 2.7%

Shares of APAM stock opened at $40.23 on Wednesday. The firm has a fifty day moving average of $42.93 and a 200-day moving average of $43.63. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 10.03 and a beta of 1.76. Artisan Partners Asset Management has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 0.91.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, equities research analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 100.75%.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently made changes to their positions in the business. WealthCollab LLC raised its holdings in shares of Artisan Partners Asset Management by 17.0% in the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after buying an additional 247 shares during the last quarter. Belpointe Asset Management LLC increased its position in Artisan Partners Asset Management by 4.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 255 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Artisan Partners Asset Management by 18.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock worth $75,000 after acquiring an additional 265 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of 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. lifted its position in shares of Artisan Partners Asset Management by 1.2% during the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock worth $968,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

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.