Artisan Partners Asset Management (NYSE:APAM) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Artisan Partners Asset Management Inc. (NYSE:APAM) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.95 and traded as low as $35.75. Artisan Partners Asset Management shares last traded at $36.53, with a volume of 599,974 shares.

Analysts Set New Price Targets

APAM has been the topic of a number of research reports. Evercore set a $37.00 price objective on Artisan Partners Asset Management in a report on Friday, April 10th. 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. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.25.

Artisan Partners Asset Management Trading Down 0.8%

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 firm has a 50-day moving average of $37.13 and a 200-day moving average of $39.90. The firm has a market capitalization of $2.99 billion, a P/E ratio of 9.41 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The company had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.3%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.97%.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of large investors have recently made changes to their positions in the business. WealthCollab LLC increased its stake in Artisan Partners Asset Management by 17.0% during the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after acquiring an additional 247 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 18.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock worth $75,000 after purchasing an additional 265 shares during the period. WINTON GROUP Ltd increased its position in shares of Artisan Partners Asset Management by 0.9% during the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after purchasing an additional 269 shares during the last quarter. Provident Investment Management Inc. raised its holdings in Artisan Partners Asset Management by 1.2% during the 3rd quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock valued at $968,000 after buying an additional 275 shares during the period. Finally, IFP Advisors Inc raised its holdings in Artisan Partners Asset Management by 45.8% during the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after buying an additional 300 shares during the period. 86.45% of the stock is currently owned by institutional investors.

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.