Artisan Partners Asset Management (NYSE:APAM) Hits New 52-Week Low – What’s Next?

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $34.78 and last traded at $34.8340, with a volume of 1503569 shares changing hands. The stock had previously closed at $37.19.

Wall Street Analysts Forecast Growth

APAM has been the topic of several recent analyst reports. Evercore set a $39.00 target price on Artisan Partners Asset Management in a research note on Monday. Royal Bank Of Canada cut their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Trading Down 6.3%

The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.82 and a beta of 1.67. The firm has a 50-day moving average price of $37.10 and a 200-day moving average price of $39.84. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $304.01 million. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.8%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 77.97%.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Artisan Partners Asset Management during the third quarter worth $27,000. Community Bank N.A. acquired a new stake in shares of Artisan Partners Asset Management during the third quarter worth $33,000. Eagle Bay Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth $32,000. Triumph Capital Management raised its position in shares of Artisan Partners Asset Management by 112.5% during the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth $37,000. 86.45% of the stock is currently 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.