Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.25 Consensus Target Price from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.25.

APAM has been the subject of a number of research reports. Evercore ISI lifted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. TD Cowen lowered their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $43.51 on Tuesday. The business’s 50-day moving average is $42.20 and its 200-day moving average is $44.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.89 and a beta of 1.76. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The company had revenue of $301.29 million during the quarter, compared to the consensus estimate of $300.90 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.88 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 96.17%.

Institutional Trading of Artisan Partners Asset Management

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RDA Financial Network increased its holdings in shares of Artisan Partners Asset Management by 4.7% during the 4th quarter. RDA Financial Network now owns 9,940 shares of the asset manager’s stock valued at $405,000 after acquiring an additional 445 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Artisan Partners Asset Management during the third quarter worth approximately $3,653,000. IFP Advisors Inc grew its holdings in Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Artisan Partners Asset Management during the third quarter valued at approximately $290,000. Finally, Provident Investment Management Inc. raised its position in shares of Artisan Partners Asset Management by 1.2% in the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock valued at $968,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.