Artisan Partners Asset Management (NYSE:APAM – Free Report) had its price target reduced by TD Cowen from $37.00 to $33.00 in a research report released on Monday,Benzinga reports. They currently have a hold rating on the asset manager’s stock.
APAM has been the subject of several other research reports. The Goldman Sachs Group cut their price objective on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating for the company in a research report on Friday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a research report on Tuesday, September 29th. Royal Bank Of Canada lowered their price target on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Zacks Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Evercore set a $34.00 price target on shares of Artisan Partners Asset Management in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.25.
View Our Latest Research Report on APAM
Artisan Partners Asset Management Stock Performance
Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, beating the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%. The business had revenue of $307.91 million during the quarter, compared to analysts’ expectations of $301.32 million. During the same period last year, the firm earned $0.83 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Artisan Partners Asset Management will post 3.86 EPS for the current year.
Artisan Partners Asset Management Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.80 per share. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 10.1%. Artisan Partners Asset Management’s dividend payout ratio is presently 77.67%.
Insider Activity at Artisan Partners Asset Management
In related news, EVP Gregory Ramirez sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $42.59, for a total value of $298,130.00. Following the sale, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. This represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Artisan Partners Asset Management
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in Artisan Partners Asset Management during the 2nd quarter valued at $28,000. Nykredit A S acquired a new position in shares of Artisan Partners Asset Management in the second quarter worth $40,000. Highland Investment Advisors LLC acquired a new position in shares of Artisan Partners Asset Management in the second quarter worth $51,000. Public Employees Retirement System of Ohio acquired a new position in shares of Artisan Partners Asset Management in the second quarter worth $52,000. Finally, SHP Wealth Management acquired a new position in shares of Artisan Partners Asset Management in the fourth quarter worth $64,000. 86.45% of the stock is owned by institutional investors and hedge funds.
Artisan Partners Asset Management Company Profile
Artisan Partners Asset Management, Inc (NYSE: APAM) is a global investment management firm that provides active investment strategies to institutional investors, financial intermediaries and private clients. The company operates through affiliated investment teams with distinct approaches, investment philosophies and areas of expertise.
Artisan Partners offers a range of equity, fixed-income and alternative investment strategies. Its products and services include separately managed accounts, mutual funds, collective investment trusts and other investment vehicles designed for institutions, wealth managers and individual investors.
Featured Stories
- Five stocks we like better than Artisan Partners Asset Management
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
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.
