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Shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.36.
Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Citigroup lowered their target price on shares of Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. Finally, Zacks Investment Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating and set a $36.00 target price on the stock in a report on Monday, May 9th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Mcmorgan & Co. LLC increased its position in Artisan Partners Asset Management by 9.8% in the third quarter. Mcmorgan & Co. LLC now owns 29,425 shares of the asset manager’s stock worth $1,439,000 after purchasing an additional 2,615 shares during the last quarter. Ibex Wealth Advisors increased its position in Artisan Partners Asset Management by 2.7% during the third quarter. Ibex Wealth Advisors now owns 107,488 shares of the asset manager’s stock valued at $5,258,000 after acquiring an additional 2,827 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Artisan Partners Asset Management during the fourth quarter valued at $15,461,000. Dimensional Fund Advisors LP increased its position in Artisan Partners Asset Management by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,132,473 shares of the asset manager’s stock valued at $55,404,000 after acquiring an additional 8,717 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Artisan Partners Asset Management by 4.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 57,237 shares of the asset manager’s stock valued at $2,727,000 after acquiring an additional 2,421 shares during the last quarter. Institutional investors own 66.91% of the company’s stock.
Shares of NYSE:APAM opened at $35.56 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.61 and a quick ratio of 0.61. Artisan Partners Asset Management has a 1-year low of $32.07 and a 1-year high of $54.59. The company has a market capitalization of $2.80 billion, a P/E ratio of 7.44 and a beta of 1.80. The firm’s 50 day simple moving average is $36.75 and its two-hundred day simple moving average is $41.58.
Artisan Partners Asset Management (NYSE:APAM – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.05). Artisan Partners Asset Management had a net margin of 26.65% and a return on equity of 146.56%. The firm had revenue of $281.60 million for the quarter, compared to analysts’ expectations of $294.03 million. During the same period in the prior year, the firm earned $1.13 EPS. Artisan Partners Asset Management’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Monday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is presently 63.60%.
About Artisan Partners Asset Management (Get Rating)
Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.
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