Artisan Partners Asset Management (NYSE:APAM) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Artisan Partners Asset Management (NYSE:APAM) from a buy rating to a hold rating in a research note published on Tuesday morning.

Separately, Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Stock Down 2.5 %

APAM stock opened at $33.84 on Tuesday. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.30 and a beta of 1.80. The business’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $43.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is 92.31%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APAM. Larson Financial Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. lifted its stake in Artisan Partners Asset Management by 208.6% during the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 388 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 330 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

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.