Artisan Partners Asset Management (NYSE:APAM) Stock Price Down 5.6% – Should You Sell?

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price fell 5.6% during mid-day trading on Monday . The company traded as low as $35.20 and last traded at $35.09. 620,367 shares changed hands during trading, a decline of 12% from the average session volume of 705,917 shares. The stock had previously closed at $37.19.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APAM. Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group dropped their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings cut Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Finally, Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Artisan Partners Asset Management has an average rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Trading Down 6.3%

The business has a 50 day moving average of $37.13 and a two-hundred day moving average of $39.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.81 billion, a P/E ratio of 8.82 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The firm had revenue of $303.01 million during the quarter, compared to analyst estimates of $304.01 million. During the same period in the prior year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 77.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APAM. Foster Dykema Cabot & Partners LLC acquired a new position in Artisan Partners Asset Management in the 3rd quarter valued at $27,000. Eagle Bay Advisors LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $32,000. Community Bank N.A. acquired a new position in Artisan Partners Asset Management in the 3rd quarter valued at $33,000. Triumph Capital Management grew its holdings in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after buying an additional 450 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $37,000. 86.45% of the stock is owned by institutional investors and hedge funds.

About Artisan Partners Asset Management

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.