Artisan Partners Asset Management (NYSE:APAM) had its price objective trimmed by Bank of America from $38.00 to $36.00 in a report published on Thursday. The firm currently has an underperform rating on the asset manager’s stock.

Several other research firms have also recently weighed in on APAM. ValuEngine cut shares of Artisan Partners Asset Management from a buy rating to a hold rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $40.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, December 22nd. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the stock a buy rating in a research report on Friday, December 15th. Finally, BidaskClub cut shares of Artisan Partners Asset Management from a strong-buy rating to a buy rating in a research report on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $37.17.

Artisan Partners Asset Management (APAM) traded up $0.20 during mid-day trading on Thursday, hitting $34.40. 441,160 shares of the company traded hands, compared to its average volume of 458,919. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. Artisan Partners Asset Management has a fifty-two week low of $26.30 and a fifty-two week high of $41.45. The firm has a market capitalization of $2,750.68, a P/E ratio of 45.72, a PEG ratio of 0.81 and a beta of 1.73.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 111.29%. The business had revenue of $210.70 million during the quarter, compared to analyst estimates of $211.23 million. During the same quarter last year, the company posted $0.53 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. equities research analysts anticipate that Artisan Partners Asset Management will post 3.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is presently 315.79%.

A number of large investors have recently added to or reduced their stakes in APAM. State Street Corp increased its position in Artisan Partners Asset Management by 63.7% during the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after purchasing an additional 403,737 shares during the period. Northern Trust Corp increased its position in Artisan Partners Asset Management by 93.6% during the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after purchasing an additional 355,272 shares during the period. Vanguard Group Inc. increased its position in Artisan Partners Asset Management by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock valued at $121,816,000 after purchasing an additional 200,446 shares during the period. Channing Capital Management LLC increased its position in Artisan Partners Asset Management by 11.3% during the 3rd quarter. Channing Capital Management LLC now owns 1,749,264 shares of the asset manager’s stock valued at $57,026,000 after purchasing an additional 178,215 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Artisan Partners Asset Management by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,425,554 shares of the asset manager’s stock valued at $144,273,000 after purchasing an additional 148,713 shares during the period. 63.33% of the stock is owned by institutional investors and hedge funds.

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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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