Analysts Set Artisan Partners Asset Management Inc. (NYSE:APAM) Target Price at $38.00

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $38.00.

APAM has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Zacks Research upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Evercore set a $36.00 target price on shares of Artisan Partners Asset Management in a report on Friday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $37.00 target price on shares of Artisan Partners Asset Management in a report on Friday, September 11th. Finally, Royal Bank Of Canada boosted their price objective on Artisan Partners Asset Management from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Gregory Ramirez sold 7,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total value of $298,130.00. Following the sale, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth $28,000. Nykredit A S purchased a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth $40,000. Highland Investment Advisors LLC bought a new stake in Artisan Partners Asset Management during the second quarter valued at about $51,000. Public Employees Retirement System of Ohio purchased a new position in Artisan Partners Asset Management in the second quarter valued at about $52,000. Finally, Versant Capital Management Inc grew its stake in Artisan Partners Asset Management by 51.0% in the second quarter. Versant Capital Management Inc now owns 1,658 shares of the asset manager’s stock valued at $57,000 after purchasing an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $36.59 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average is $40.64 and its 200 day moving average is $38.05. The company has a market capitalization of $2.97 billion, a PE ratio of 8.88 and a beta of 1.67. Artisan Partners Asset Management has a fifty-two week low of $33.96 and a fifty-two week high of $46.53.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $307.91 million for the quarter, compared to analysts’ expectations of $301.32 million. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Sell-side analysts predict that Artisan Partners Asset Management will post 3.91 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.80 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 8.7%. Artisan Partners Asset Management’s dividend payout ratio is 77.67%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management company headquartered in Milwaukee, Wisconsin. Through its subsidiaries and investment teams, the company provides actively managed investment strategies to institutional investors, financial intermediaries and private clients.

The firm offers a range of equity, fixed-income and alternative investment strategies, including U.S. and international equities, emerging-market investments, credit and other specialized portfolios.