Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Consensus Rating of “Reduce” from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have received an average rating of “Reduce” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.00.

A number of research firms have recently weighed in on APAM. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research report on Friday, July 10th. TD Cowen lifted their target price on Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Royal Bank Of Canada boosted their target price on Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. Finally, Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd.

Artisan Partners Asset Management Trading Up 1.4%

Shares of APAM stock opened at $43.58 on Wednesday. Artisan Partners Asset Management has a fifty-two week low of $33.96 and a fifty-two week high of $47.57. The company has a 50 day moving average price of $38.98 and a 200 day moving average price of $38.34. The stock has a market capitalization of $3.53 billion, a P/E ratio of 10.58 and a beta of 1.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.90 and a current ratio of 0.90.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The company had revenue of $307.91 million for the quarter, compared to analyst estimates of $301.32 million. During the same period in the prior year, the business earned $0.83 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Artisan Partners Asset Management will post 3.91 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.80 dividend. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. This represents a $3.20 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, August 17th. Artisan Partners Asset Management’s payout ratio is presently 77.67%.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total transaction of $298,130.00. Following the completion of the transaction, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. The trade was a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of hedge funds and other institutional investors have recently modified their holdings of APAM. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth $996,000. California State Teachers Retirement System increased its holdings in Artisan Partners Asset Management by 3,122.7% in the second quarter. California State Teachers Retirement System now owns 2,732,601 shares of the asset manager’s stock valued at $94,357,000 after buying an additional 2,647,808 shares during the last quarter. Highland Investment Advisors LLC purchased a new position in Artisan Partners Asset Management in the second quarter valued at $51,000. Prosperitas Financial LLC raised its stake in Artisan Partners Asset Management by 39.1% in the second quarter. Prosperitas Financial LLC now owns 8,193 shares of the asset manager’s stock valued at $283,000 after buying an additional 2,303 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Artisan Partners Asset Management in the second quarter valued at $40,000. 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.