Artisan Partners Asset Management (NYSE:APAM) Sets New 12-Month Low – Here’s What Happened

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week low during trading on Thursday . The stock traded as low as $36.40 and last traded at $37.62, with a volume of 509141 shares traded. The stock had previously closed at $40.22.

Analyst Ratings Changes

Several research firms have weighed in on APAM. Royal Bank of Canada cut their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Price Performance

The firm has a 50-day simple moving average of $42.03 and a 200-day simple moving average of $43.83. The firm has a market cap of $2.84 billion, a P/E ratio of 9.73 and a beta of 1.83. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. As a group, analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.65%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after purchasing an additional 82,868 shares in the last quarter. Principal Financial Group Inc. increased its position in Artisan Partners Asset Management by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock valued at $14,695,000 after buying an additional 10,802 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Artisan Partners Asset Management in the fourth quarter valued at about $255,000. Jennison Associates LLC raised its stake in Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock valued at $1,841,000 after buying an additional 16,166 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Artisan Partners Asset Management by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock worth $2,225,000 after acquiring an additional 7,966 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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.