Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Has Consensus Price Target of $34.75 According to Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned an average recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.75.

Several analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Artisan Partners Asset Management from $37.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. The Goldman Sachs Group decreased their price objective on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating for the company in a report on Friday, October 2nd. Royal Bank Of Canada reduced their price target on shares of Artisan Partners Asset Management from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. Finally, Evercore set a $33.00 price objective on shares of Artisan Partners Asset Management in a research note on Thursday, October 29th.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Gregory Ramirez sold 7,000 shares of Artisan Partners Asset Management stock in a transaction 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 transaction, the executive vice president directly owned 109,194 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.30% of the company’s stock.

Institutional Trading of Artisan Partners Asset Management

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP grew its position in shares of Artisan Partners Asset Management by 8.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,704,243 shares of the asset manager’s stock valued at $58,848,000 after purchasing an additional 132,708 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Artisan Partners Asset Management by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,670,380 shares of the asset manager’s stock worth $60,782,000 after buying an additional 30,863 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Artisan Partners Asset Management by 25.9% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 551,336 shares of the asset manager’s stock valued at $20,063,000 after acquiring an additional 113,491 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Artisan Partners Asset Management by 11.0% during the 1st quarter. Bank of America Corp DE now owns 343,520 shares of the asset manager’s stock valued at $12,501,000 after acquiring an additional 33,921 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in Artisan Partners Asset Management by 101.7% in the 1st quarter. Edgestream Partners L.P. now owns 218,013 shares of the asset manager’s stock worth $7,933,000 after buying an additional 109,926 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Up 0.1%

Artisan Partners Asset Management stock opened at $39.18 on Monday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 9.26 and a beta of 1.74. Artisan Partners Asset Management has a 52-week low of $30.86 and a 52-week high of $46.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $36.42 and a two-hundred day moving average price of $38.24.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 27th. The asset manager reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The company had revenue of $312.52 million during the quarter, compared to analysts’ expectations of $307.60 million. Artisan Partners Asset Management had a net margin of 24.54% and a return on equity of 71.69%. Artisan Partners Asset Management’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. Equities analysts predict that Artisan Partners Asset Management will post 3.94 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.88 per share. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.80. The ex-dividend date is Monday, November 16th. This represents a $3.52 dividend on an annualized basis and a yield of 9.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 75.65%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management is a global investment management firm that provides active investment strategies to institutional and individual investors. The firm manages portfolios through specialized investment teams, each with its own investment approach and research process.

Its offerings include equity and fixed-income strategies spanning a range of styles, market sectors and geographies. These strategies are available through vehicles such as mutual funds and separate accounts, serving clients including institutions and financial intermediaries.

Founded in 1994 and headquartered in Milwaukee, Wisconsin, Artisan Partners serves clients around the world.