Artisan Partners Asset Management Inc (NYSE:APAM) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.00.

Several brokerages have commented on APAM. Bank of America boosted their price target on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. ValuEngine cut shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Artisan Partners Asset Management in a research note on Thursday, August 2nd.

Shares of APAM traded down $0.05 during trading hours on Friday, reaching $32.85. 302,400 shares of the stock traded hands, compared to its average volume of 343,153. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.71 and a current ratio of 0.71. Artisan Partners Asset Management has a 52-week low of $29.55 and a 52-week high of $41.45. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.75.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, July 31st. The asset manager reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The business had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $208.46 million. Artisan Partners Asset Management had a net margin of 10.30% and a return on equity of 181.69%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. equities research analysts predict that Artisan Partners Asset Management will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend was Thursday, August 16th. Artisan Partners Asset Management’s payout ratio is currently 99.59%.

A number of hedge funds have recently made changes to their positions in APAM. Swiss National Bank raised its position in shares of Artisan Partners Asset Management by 2.2% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the asset manager’s stock valued at $2,737,000 after buying an additional 1,800 shares in the last quarter. Sei Investments Co. raised its position in shares of Artisan Partners Asset Management by 3.5% during the 1st quarter. Sei Investments Co. now owns 54,965 shares of the asset manager’s stock valued at $1,830,000 after buying an additional 1,857 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Artisan Partners Asset Management by 26.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,584 shares of the asset manager’s stock valued at $289,000 after buying an additional 1,990 shares in the last quarter. Atria Investments LLC raised its position in shares of Artisan Partners Asset Management by 41.8% during the 2nd quarter. Atria Investments LLC now owns 8,632 shares of the asset manager’s stock valued at $260,000 after buying an additional 2,543 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter valued at about $101,000. Institutional investors and hedge funds own 62.04% of the company’s stock.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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