Artisan Partners Asset Management Inc. (NYSE:APAM) Given Average Recommendation of “Reduce” by Brokerages

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have earned a consensus rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.25.

Several equities research analysts recently commented on the stock. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Royal Bank Of Canada decreased their price objective on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. The Goldman Sachs Group reduced their target price 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. Finally, Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of APAM. Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock worth $94,175,000 after acquiring an additional 289,105 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Artisan Partners Asset Management by 132.1% during the third quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock worth $20,371,000 after buying an additional 267,136 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management by 14.6% during the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after buying an additional 250,475 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Artisan Partners Asset Management by 202.9% during the third quarter. Qube Research & Technologies Ltd now owns 348,615 shares of the asset manager’s stock worth $15,130,000 after buying an additional 233,523 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Artisan Partners Asset Management by 71.1% during the fourth quarter. Public Sector Pension Investment Board now owns 535,298 shares of the asset manager’s stock worth $21,808,000 after buying an additional 222,532 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

APAM stock opened at $36.43 on Monday. The business has a 50 day moving average price of $36.84 and a 200 day moving average price of $40.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 9.22 and a beta of 1.68. Artisan Partners Asset Management has a fifty-two week low of $34.99 and a fifty-two week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released 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). The company had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts anticipate that Artisan Partners Asset Management will post 3.93 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.77 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a yield of 8.5%. Artisan Partners Asset Management’s payout ratio is currently 77.97%.

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.