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

Artisan Partners Asset Management Inc. (NYSE:APAM) has received a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $44.25.

APAM has been the subject of several analyst reports. Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. TD Cowen cut their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Evercore ISI upped their price objective on shares of 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. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday. Finally, Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Institutional Trading of Artisan Partners Asset Management

A number of hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new stake in shares of Artisan Partners Asset Management in the third quarter worth $3,653,000. IFP Advisors Inc grew its holdings in Artisan Partners Asset Management by 45.8% during the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after acquiring an additional 300 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth about $290,000. Provident Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 1.2% in the 3rd 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 in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Artisan Partners Asset Management by 6.7% in the 3rd quarter. Advisory Services Network LLC now owns 10,586 shares of the asset manager’s stock valued at $459,000 after purchasing an additional 664 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $41.65 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. Artisan Partners Asset Management has a 1-year low of $32.75 and a 1-year high of $48.50. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.38 and a beta of 1.77. The business has a 50-day moving average of $42.82 and a 200-day moving average of $44.28.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The firm had revenue of $301.29 million for the quarter, compared to analyst estimates of $300.90 million. During the same period in the previous year, the company posted $0.92 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Friday, November 14th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, November 14th. This represents a $3.52 annualized dividend and a yield of 8.5%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 96.17%.

Artisan Partners Asset Management Company Profile

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.