Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.00.

A number of research firms have recently weighed in on APAM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Evercore lifted their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Royal Bank Of Canada reduced their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th.

Artisan Partners Asset Management Trading Up 2.0%

Shares of APAM stock opened at $45.21 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.76 and a quick ratio of 1.02. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 11.27 and a beta of 1.76. Artisan Partners Asset Management has a 1 year low of $32.75 and a 1 year high of $48.50. The firm has a fifty day moving average price of $42.71 and a 200-day moving average price of $44.01.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The company had revenue of $335.50 million for the quarter, compared to the consensus estimate of $322.13 million. During the same period in the previous year, the business earned $1.05 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.57 dividend. This represents a dividend yield of 127.0%. The ex-dividend date is Friday, February 13th. Artisan Partners Asset Management’s payout ratio is presently 87.78%.

Institutional Trading of Artisan Partners Asset Management

Several institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in Artisan Partners Asset Management by 26.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,999 shares of the asset manager’s stock worth $163,000 after purchasing an additional 829 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $455,000. FourThought Financial Partners LLC purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter worth $331,000. PNC Financial Services Group Inc. boosted its position in shares of Artisan Partners Asset Management by 12.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,948 shares of the asset manager’s stock worth $202,000 after acquiring an additional 544 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its stake in Artisan Partners Asset Management by 2.8% during the fourth quarter. Aviance Capital Partners LLC now owns 33,159 shares of the asset manager’s stock valued at $1,351,000 after acquiring an additional 893 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

About Artisan Partners Asset Management

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.