Royal Bank Of Canada Boosts Artisan Partners Asset Management (NYSE:APAM) Price Target to $45.00

Artisan Partners Asset Management (NYSE:APAM) had its target price boosted by stock analysts at Royal Bank Of Canada from $44.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.81% from the company’s current price.

Several other brokerages have also recently commented on APAM. Evercore set a $36.00 target price on Artisan Partners Asset Management in a report on Friday, July 10th. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research downgraded Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. TD Cowen upped their price objective on Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $38.00.

Artisan Partners Asset Management Price Performance

APAM traded down $0.45 on Thursday, reaching $39.89. The company had a trading volume of 252,076 shares, compared to its average volume of 756,780. The company has a market capitalization of $3.21 billion, a P/E ratio of 9.69 and a beta of 1.68. 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 company has a fifty day moving average of $36.91 and a 200-day moving average of $38.57. Artisan Partners Asset Management has a one year low of $33.96 and a one year high of $48.46.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $307.90 million for the quarter, compared to the consensus estimate of $301.32 million. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.71%. Artisan Partners Asset Management’s 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. As a group, equities research analysts anticipate that Artisan Partners Asset Management will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On Artisan Partners Asset Management

Hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after purchasing an additional 289,105 shares during the last quarter. Channing Capital Management LLC raised its holdings in Artisan Partners Asset Management by 14.6% during the 4th quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after buying an additional 250,475 shares during the period. Qube Research & Technologies Ltd raised its holdings in Artisan Partners Asset Management by 202.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 348,615 shares of the asset manager’s stock worth $15,130,000 after buying an additional 233,523 shares during the period. Public Sector Pension Investment Board lifted its stake in Artisan Partners Asset Management by 71.1% during the fourth quarter. Public Sector Pension Investment Board now owns 535,298 shares of the asset manager’s stock valued at $21,808,000 after buying an additional 222,532 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Artisan Partners Asset Management by 44.6% during the fourth quarter. Federated Hermes Inc. now owns 678,894 shares of the asset manager’s stock valued at $27,658,000 after buying an additional 209,524 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Artisan Partners Asset Management

Here are the key news stories impacting Artisan Partners Asset Management this week:

• Positive Sentiment: Quarterly results exceeded expectations: APAM reported second-quarter earnings of $0.94 per share, above the $0.91 consensus estimate, while revenue rose 8.9% year over year to $307.9 million, exceeding forecasts of $301.3 million. The results reflect continued growth in assets under management and operating profitability. Artisan Partners Q2 Earnings Snapshot
• Positive Sentiment: Dividend increased: The company declared a quarterly dividend of $0.80 per share, up 3.9% from $0.77. The payout represents an annualized yield of roughly 7.9% based on the referenced share price, supporting APAM’s appeal to income-oriented investors. Artisan Partners Asset Management Declares Dividend
• Neutral Sentiment: Record assets under management support the business: Coverage highlighted record AUM alongside the Q2 results, but one valuation analysis estimated APAM may be approximately 6% overvalued, potentially limiting upside after its recent recovery. APAM Could Be Overvalued
• Negative Sentiment: U.S. Value wind-down creates a short-term headwind: Management expects the strategy’s wind-down to reduce third-quarter results by approximately $0.03 per share, with the process nearing completion at the end of Q3. This may pressure near-term earnings even though the impact is expected to be temporary. Artisan Partners U.S. Value Wind-Down

Artisan Partners Asset Management Company Profile

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.