Artisan Partners Asset Management Inc. (NYSE:APAM) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Artisan Partners Asset Management Inc. (NYSE:APAM) has received an average recommendation of "Hold" from six analysts, with one sell, four hold, and one buy rating.
• The company recently raised its quarterly dividend from $0.68 to $0.73 per share, resulting in a 6.3% yield for shareholders.
• In its latest earnings report, Artisan reported $0.83 earnings per share, beating estimates and showing a year-over-year revenue increase of 4.4% to $282.80 million.

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.30.

Several analysts have weighed in on APAM shares. Wall Street Zen raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Royal Bank Of Canada increased their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th.

Artisan Partners Asset Management Price Performance

APAM stock opened at $46.33 on Wednesday. The firm has a 50 day moving average of $46.23 and a 200-day moving average of $42.24. 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 current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Artisan Partners Asset Management has a 12-month low of $32.75 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm 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%.Artisan Partners Asset Management's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, equities analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 6.3%. Artisan Partners Asset Management's dividend payout ratio (DPR) is 77.66%.

Institutional Trading of Artisan Partners Asset Management

A number of large investors have recently made changes to their positions in APAM. SVB Wealth LLC acquired a new position in Artisan Partners Asset Management in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC raised its position in shares of Artisan Partners Asset Management by 24.1% in the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager's stock valued at $57,000 after buying an additional 249 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Artisan Partners Asset Management during the second quarter valued at approximately $57,000. Continuum Advisory LLC acquired a new stake in Artisan Partners Asset Management during the first quarter worth approximately $63,000. Finally, Smartleaf Asset Management LLC grew its stake in Artisan Partners Asset Management by 31.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager's stock worth $65,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 86.45% of the company's stock.

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.

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