Artisan Partners Asset Management (NYSE:APAM) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Artisan Partners Asset Management (NYSE:APAM) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research firms also recently weighed in on APAM. Evercore set a $37.00 price objective on shares of Artisan Partners Asset Management in a report on Friday. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. The Goldman Sachs Group dropped their price target on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada dropped their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus price target of $40.60.

Artisan Partners Asset Management Stock Performance

APAM stock opened at $36.86 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 9.19 and a beta of 1.76. The company has a 50-day simple moving average of $39.01 and a 200 day simple moving average of $41.52. Artisan Partners Asset Management has a fifty-two week low of $33.88 and a fifty-two week high of $48.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $335.51 million during the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. Sell-side analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.57 dividend. The ex-dividend date was Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s payout ratio is 100.75%.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in Artisan Partners Asset Management by 132.1% during the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock worth $20,371,000 after buying an additional 267,136 shares during the period. Principal Financial Group Inc. raised its holdings in Artisan Partners Asset Management by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock worth $17,941,000 after buying an additional 64,625 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Artisan Partners Asset Management during the 3rd quarter worth about $1,613,000. Ruffer LLP acquired a new stake in Artisan Partners Asset Management during the 3rd quarter worth about $3,041,000. Finally, AlphaQuest LLC raised its holdings in Artisan Partners Asset Management by 795.3% during the 3rd quarter. AlphaQuest LLC now owns 100,914 shares of the asset manager’s stock worth $4,380,000 after buying an additional 89,642 shares during the period. 86.45% of the stock is currently owned by institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.