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

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Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) earned an average rating of “Hold” from the eight analysts who currently cover the stock, MarketBeat reports. Five equity research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among brokers who have reported on the stock over the past year is $49.79.

APAM has been the subject of several research reports. Citigroup cut its price target on Artisan Partners Asset Management shares from $41.50 to $36.50 and set a “neutral” rating on the stock in a Tuesday, April 12 research report. Goldman Sachs Group downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $55.00 to $48.00 in a research note from Tuesday, January 4. Finally, StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a Friday, April 15 research rating.

Large investors have recently increased or reduced their stakes in the stock. BlackRock Inc. increased its stake in Artisan Partners Asset Management by 11.1% in the fourth quarter. BlackRock Inc. now owns 5,035,039 shares of the asset manager worth $239,870,000 after buying an additional 502,899 shares last quarter. Macquarie Group Ltd. increased its stake in Artisan Partners Asset Management by 1.0% in the third quarter. Macquarie Group Ltd. now owns 1,920,057 shares of the asset manager worth $93,929,000 after purchasing an additional 19,077 shares last quarter. Geode Capital Management LLC increased its stake in Artisan Partners Asset Management by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,392,459 shares of the asset manager worth $68,119,000 after purchasing an additional 76,485 shares last quarter. State Street Corp increased its holdings in Artisan Partners Asset Management by 7.4% in the fourth quarter. State Street Corp now owns 1,370,471 shares of the asset manager worth $65,289,000 after buying an additional 94,200 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Artisan Partners Asset Management by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,139,372 shares of the asset manager worth $54,279,000 after buying 6,899 additional shares in the last quarter. 68.45% of the shares are held by institutional investors.

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Shares of Artisan Partners Asset Management opened at $37.35 on Tuesday. The company has a market capitalization of $2.95 billion, a PE ratio of 7.37 and a beta of 1.78. The company has a debt ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. Artisan Partners Asset Management has a 1-year low of $33.93 and a 1-year high of $57.21. The company’s 50-day moving average is $37.86.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last released quarterly earnings data on Tuesday, February 1. The asset manager reported earnings per share (EPS) of $1.29 for the quarter, beating the consensus estimate of $1.25 by $0.04. The company posted revenue of $315.00 million for the quarter, compared to $315.87 million expected by analysts. Artisan Partners Asset Management posted a net margin of 27.42% and a return on equity of 157.99%. The company’s revenue for the quarter increased by 20.6% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $1.06. Sell-side analysts expect Artisan Partners Asset Management to post earnings per share of 4.03 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 28. Investors of record on Monday, February 14 received a dividend of $1.75. The ex-dividend date was Friday, February 11. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. This represents a dividend of $7.00 on an annualized basis and a yield of 18.74%. Artisan Partners Asset Management’s dividend payout rate is 81.26%.

Artisan Partners Asset Management Company Profile (Get an evaluation)

Artisan Partners Asset Management Inc is a public investment manager. It provides its services to pension and profit-sharing plans, trusts, endowments, foundations, charities, government entities, private funds and non-U.S. funds, as well as mutual funds, non-US funds and group trusts.

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