Artisan Partners Asset Management Inc. (NYSE:APAM) Receives $39.30 Consensus Target Price from Brokerages

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.90.

APAM has been the subject of a number of research analyst reports. Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. Evercore ISI increased their price target on Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Friday. Finally, Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, July 31st.

Artisan Partners Asset Management Trading Down 1.4%

APAM stock opened at $46.32 on Wednesday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 12.32 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $46.36 and a 200-day simple moving average of $42.30. Artisan Partners Asset Management has a 52 week low of $32.75 and a 52 week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $282.80 million during the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. On average, equities research analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.73 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.3%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s payout ratio is currently 77.66%.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently added to or reduced their stakes in APAM. WealthCollab LLC grew its stake in shares of Artisan Partners Asset Management by 17.0% during the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 247 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 249 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Artisan Partners Asset Management by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after acquiring an additional 251 shares in the last quarter. Guinness Asset Management LTD grew its stake in shares of Artisan Partners Asset Management by 2.4% during the second quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock valued at $484,000 after acquiring an additional 253 shares in the last quarter. Finally, Salvus Wealth Management LLC lifted its position in shares of Artisan Partners Asset Management by 5.0% during the second quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock worth $246,000 after purchasing an additional 263 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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.