Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Average Recommendation of "Hold" from Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $37.90.

Several research firms recently weighed in on APAM. TD Securities boosted their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Royal Bank of Canada boosted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. TD Cowen cut their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Cowen reissued a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. Finally, Evercore ISI cut their price objective on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $44.24, for a total value of $300,876.24. Following the completion of the transaction, the executive vice president now owns 40,529 shares of the company's stock, valued at $1,793,002.96. This represents a 14.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.53% of the company's stock.

Institutional Investors Weigh In On Artisan Partners Asset Management

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its stake in shares of Artisan Partners Asset Management by 208.6% in the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock valued at $25,000 after purchasing an additional 388 shares during the period. Larson Financial Group LLC grew its stake in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after purchasing an additional 330 shares during the period. SVB Wealth LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $33,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after purchasing an additional 642 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Up 2.1%

Shares of NYSE:APAM traded up $0.86 on Monday, reaching $41.29. The company had a trading volume of 942,806 shares, compared to its average volume of 490,225. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $49.54. The stock has a 50-day moving average price of $38.77 and a 200 day moving average price of $42.36. The stock has a market capitalization of $3.32 billion, a P/E ratio of 11.34 and a beta of 1.68. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The company had revenue of $277.10 million during the quarter, compared to analysts' expectations of $281.15 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.68 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 6.59%. Artisan Partners Asset Management's dividend payout ratio (DPR) is 75.14%.

Artisan Partners Asset Management Company Profile

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.