Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $44.13 Consensus Target Price from Analysts

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have earned a consensus recommendation of “Hold” from the four analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $44.13.

Several research analysts recently commented on the stock. Evercore ISI lifted their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. The Goldman Sachs Group dropped their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. Finally, TD Cowen upped their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of APAM stock opened at $47.13 on Thursday. The stock’s 50 day simple moving average is $43.62 and its 200 day simple moving average is $42.54. Artisan Partners Asset Management has a twelve month low of $36.45 and a twelve month high of $49.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.13 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The company had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. During the same quarter last year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts predict that Artisan Partners Asset Management will post 3.49 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.82 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.96%. Artisan Partners Asset Management’s dividend payout ratio is currently 79.11%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Artisan Partners Asset Management by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock valued at $273,494,000 after purchasing an additional 160,297 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Artisan Partners Asset Management by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after buying an additional 154,536 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Artisan Partners Asset Management by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager’s stock valued at $66,757,000 after acquiring an additional 74,393 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Artisan Partners Asset Management by 6.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock valued at $66,426,000 after acquiring an additional 99,005 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Artisan Partners Asset Management by 22.0% during the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock worth $48,609,000 after acquiring an additional 202,074 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.