Artisan Partners Asset Management Inc. (NYSE:APAM – Get Free Report)’s share price dropped 5.6% during mid-day trading on Monday . The stock traded as low as $35.20 and last traded at $35.09. Approximately 620,367 shares changed hands during trading, a decline of 12% from the average daily volume of 705,917 shares. The stock had previously closed at $37.19.
Wall Street Analysts Forecast Growth
APAM has been the subject of several analyst reports. Evercore set a $39.00 target price on Artisan Partners Asset Management in a research report on Monday. Weiss Ratings lowered Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. Royal Bank Of Canada decreased their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Finally, Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.75.
View Our Latest Analysis on APAM
Artisan Partners Asset Management Price Performance
Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The firm had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current fiscal year.
Artisan Partners Asset Management Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.77 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.08 annualized dividend and a yield of 8.8%. Artisan Partners Asset Management’s payout ratio is presently 77.97%.
Institutional Investors Weigh In On Artisan Partners Asset Management
Several institutional investors have recently bought and sold shares of APAM. Foster Dykema Cabot & Partners LLC bought a new stake in Artisan Partners Asset Management in the 3rd quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at approximately $32,000. Community Bank N.A. bought a new stake in Artisan Partners Asset Management in the 3rd quarter valued at approximately $33,000. Triumph Capital Management lifted its stake in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 450 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $37,000. Institutional investors own 86.45% of the company’s stock.
Artisan Partners Asset Management Company Profile
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.
Further Reading
- Five stocks we like better than Artisan Partners Asset Management
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.
