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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.90.

Several research firms have issued reports on APAM. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Evercore ISI lowered their target price on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. TD Cowen dropped their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, TD Securities boosted their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Thursday, May 1st.

Insider Activity at Artisan Partners Asset Management

In related news, EVP Samuel Bentson Sellers sold 6,801 shares of Artisan Partners Asset Management stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total value of $300,876.24. Following the completion of the sale, the executive vice president now owns 40,529 shares of the company's stock, valued at approximately $1,793,002.96. This trade represents a 14.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Charles J. Daley, Jr. sold 15,448 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total transaction of $624,871.60. Following the transaction, the chief financial officer now owns 91,363 shares in the company, valued at approximately $3,695,633.35. The trade was a 14.46% decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Artisan Partners Asset Management

Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in shares of Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after purchasing an additional 388 shares during the last quarter. Larson Financial Group LLC grew its holdings in Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after buying an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Artisan Partners Asset Management by 110.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after buying an additional 330 shares in the last quarter. SVB Wealth LLC purchased a new stake in Artisan Partners Asset Management in the 1st quarter valued at $33,000. Finally, Smartleaf Asset Management LLC lifted its stake in Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after acquiring an additional 642 shares in the last quarter. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $42.15 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 11.64 and a beta of 1.70. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $49.54. The company's fifty day moving average is $39.92 and its 200 day moving average is $41.64. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.51.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The firm had revenue of $277.10 million for the quarter, compared to analyst estimates of $281.15 million. Artisan Partners Asset Management had a return on equity of 73.48% and a net margin of 23.24%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Sell-side analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.45%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.