Shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get a rating) earned a consensus recommendation of “Hold” from the eight research firms that cover the stock, reports Marketbeat Ratings. Four equity research analysts rated the stock with a hold rating and three issued a buy rating on the company. The 12-month average price target among brokerages that have reported on the stock over the past year is $51.43.
APAM has been the subject of a number of recent analyst reports. StockNews.com upgraded Artisan Partners Asset Management from a “hold” to a “buy” rating in a research note on Friday. Evercore ISI launched coverage on Artisan Partners Asset Management in a Wednesday, Dec. 22 research note. They issued an “in-line” rating and a price target of $48.00 on the stock. Finally, Goldman Sachs Group downgraded Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered its price target for the company from $55.00 to $48.00 in a research note. Tuesday, January 4.
NYSE: APAM opened at $36.85 on Monday. The company has a market capitalization of $2.91 billion, a PE ratio of 7.27 and a beta of 1.79. The company has a debt ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.70. The company’s 50-day moving average price is $42.59. Artisan Partners Asset Management has a 1-year low of $35.37 and a 1-year high of $57.65.
Artisan Partners Asset Management (NYSE: APAM – Get a rating) last released its quarterly results on Tuesday, February 1. The asset manager reported earnings per share of $1.29 for the quarter, beating Thomson Reuters consensus estimate of $1.28 by $0.01. The company posted revenue of $315.00 million for the quarter, compared to $315.87 million expected by analysts. Artisan Partners Asset Management achieved a return on equity of 157.99% and a net margin of 27.42%. The company’s quarterly revenue increased by 20.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $1.06 per share. Equity analysts expect Artisan Partners Asset Management to post earnings per share of 4.9 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 28. Investors of record on Monday, February 14 received a dividend of $1.75 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. The ex-dividend date was Friday, February 11. This represents a dividend of $7.00 on an annualized basis and a yield of 19.00%. Artisan Partners Asset Management’s dividend payout rate is 81.26%.
In other Artisan Partners Asset Management news, Director Cox tench bought 220,000 shares in a trade on Tuesday, December 14. The shares were purchased at an average price of $45.39 per share, with a total value of $9,985,800.00. The acquisition was disclosed in a filing with the SEC, accessible via this link. Company insiders own 19.32% of the company’s shares.
Several institutional investors have recently changed their positions in the company. Victory Capital Management Inc. increased its position in Artisan Partners Asset Management by 11,578.0% during the 4th quarter. Victory Capital Management Inc. now owns 825,867 shares of the asset manager worth $39,344,000 after acquiring an additional 818,795 shares in the last quarter. BlackRock Inc. increased its position in shares of Artisan Partners Asset Management by 11.1% in the 4th quarter. BlackRock Inc. now owns 5,035,039 shares of the asset manager worth $239,870,000 after buying an additional 502,899 shares in the last quarter. Vaughan Nelson Investment Management LP purchased a new equity stake in Artisan Partners Asset Management in Q4 for a value of approximately $15,461,000. Atlanta Capital Management Co. LLC increased its position in shares of Artisan Partners Asset Management by 20.6% in the fourth quarter. Atlanta Capital Management Co. LLC now owns 1,071,549 shares of the asset manager worth $51,049,000 after purchasing an additional 183,101 shares in the last quarter. Finally, Gratus Capital LLC purchased a new equity stake in Artisan Partners Asset Management in Q4 for a value of approximately $8,624,000. Hedge funds and other institutional investors own 68.45% of the company’s shares.
Artisan Partners Asset Management Company Profile (Get a rating)
Artisan Partners Asset Management, Inc. operates as an investment management company, which provides investment strategies to clients worldwide. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, through segregated accounts and mutual funds.
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