Artisan Partners Asset Management (NYSE:APAM) Reaches New 52-Week Low – Should You Sell?

Artisan Partners Asset Management Inc. (NYSE:APAM) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $34.23 and last traded at $34.31, with a volume of 176303 shares. The stock had previously closed at $34.53.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on APAM shares. Evercore set a $39.00 price target on Artisan Partners Asset Management in a research note on Monday, June 8th. The Goldman Sachs Group decreased their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. Royal Bank Of Canada lowered their target price on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Price Performance

The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 8.78 and a beta of 1.67. The company has a 50-day moving average of $36.74 and a 200-day moving average of $39.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82.

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

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 77.97%.

Institutional Trading of Artisan Partners Asset Management

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Artisan Partners Asset Management by 24.9% in the first quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock valued at $5,421,000 after acquiring an additional 27,676 shares in the last quarter. AQR Capital Management LLC raised its holdings in Artisan Partners Asset Management by 6.4% during the first quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock worth $2,712,000 after purchasing an additional 4,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Artisan Partners Asset Management by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock valued at $1,465,000 after purchasing an additional 1,626 shares during the period. Intech Investment Management LLC boosted its holdings in Artisan Partners Asset Management by 46.8% in the 1st quarter. Intech Investment Management LLC now owns 30,184 shares of the asset manager’s stock valued at $1,180,000 after purchasing an additional 9,629 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Artisan Partners Asset Management by 58.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,982 shares of the asset manager’s stock valued at $221,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors and hedge funds 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.