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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been given an average recommendation of “Hold” by the four research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $44.13.

APAM has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. Evercore ISI raised their price target 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 raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen increased their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of institutional investors and hedge funds have recently made changes to their positions in APAM. Kayne Anderson Rudnick Investment Management LLC grew its position in 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. Dimensional Fund Advisors LP lifted its stake in shares of 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 buying an additional 74,393 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Artisan Partners Asset Management by 6.9% during 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 buying an additional 99,005 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of 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. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Artisan Partners Asset Management by 11.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,968 shares of the asset manager’s stock worth $19,753,000 after acquiring an additional 45,627 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $49.17 on Thursday. The company has a market capitalization of $3.95 billion, a PE ratio of 13.70 and a beta of 1.79. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $43.36 and a two-hundred day moving average price of $42.48. Artisan Partners Asset Management has a 12 month low of $35.96 and a 12 month high of $49.52.

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

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.67%. Artisan Partners Asset Management’s payout ratio is presently 79.11%.

About Artisan Partners Asset Management

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.