BidaskClub upgraded shares of Artisan Partners Asset Management Inc. (NYSE:APAM) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities analysts have also weighed in on APAM. Zacks Investment Research lowered Artisan Partners Asset Management from a buy rating to a hold rating in a research report on Wednesday, May 10th. Keefe, Bruyette & Woods reissued a buy rating and issued a $33.00 target price on shares of Artisan Partners Asset Management in a research report on Thursday, June 1st. ValuEngine lowered Artisan Partners Asset Management from a buy rating to a hold rating in a research report on Friday, June 2nd. Royal Bank Of Canada initiated coverage on Artisan Partners Asset Management in a research report on Thursday, June 29th. They issued an outperform rating and a $34.00 target price for the company. Finally, Jefferies Group LLC reissued a hold rating and issued a $32.00 target price on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $29.94.

Artisan Partners Asset Management (NYSE APAM) opened at 29.85 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 17.61 and a beta of 1.76. Artisan Partners Asset Management has a 52-week low of $24.48 and a 52-week high of $33.85. The company’s 50-day moving average is $31.10 and its 200 day moving average is $29.34.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period last year, the firm posted $0.53 EPS. Artisan Partners Asset Management’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that Artisan Partners Asset Management will post $2.34 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 8.04%. The ex-dividend date was Tuesday, August 15th. Artisan Partners Asset Management’s payout ratio is currently 145.46%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APAM. Quantbot Technologies LP increased its position in shares of Artisan Partners Asset Management by 3.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 120 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $120,000. Segantii Capital Management Ltd purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter valued at about $135,000. Tower Research Capital LLC TRC purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter valued at about $151,000. Finally, Utah Retirement Systems increased its position in shares of Artisan Partners Asset Management by 10.4% during the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 700 shares during the last quarter. 99.82% of the stock is owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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