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

Key Points

• Consensus "Hold": Seven analysts give APAM an average rating of "Hold" (1 sell, 5 hold, 1 buy) with a 12‑month average price target of $40.60, and notable recent moves include Goldman Sachs lowering its target to $34 and assigning a "sell".
• Solid quarter but high payout: Artisan beat estimates with $1.26 EPS (vs. $1.11 est.) and $335.5M revenue (up 13% YoY), trades around $37.58 with a PE of 9.37 and paid a $0.57 annual dividend resulting in a dividend payout ratio of about 100.75%.

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.60.

Several research firms have issued reports on APAM. Royal Bank Of Canada dropped their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group reduced their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a "sell" rating for the company in a research report on Tuesday, April 7th. Wall Street Zen downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. Weiss Ratings lowered Artisan Partners Asset Management from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 20th. Finally, TD Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Artisan Partners Asset Management by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager's stock worth $334,820,000 after buying an additional 52,644 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Artisan Partners Asset Management by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager's stock valued at $124,185,000 after acquiring an additional 54,667 shares in the last quarter. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 0.4% in the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager's stock valued at $122,755,000 after acquiring an additional 12,356 shares in the last quarter. Morgan Stanley increased its position in shares of Artisan Partners Asset Management by 1.5% in the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager's stock valued at $82,402,000 after acquiring an additional 30,515 shares during the last quarter. Finally, Channing Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 14.6% in the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager's stock valued at $80,165,000 after acquiring an additional 250,475 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Down 0.7%

Artisan Partners Asset Management stock opened at $37.58 on Thursday. The company has a 50 day moving average of $38.74 and a 200-day moving average of $41.45. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. Artisan Partners Asset Management has a twelve month low of $33.88 and a twelve month high of $48.50. The stock has a market capitalization of $3.03 billion, a PE ratio of 9.37 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $335.51 million for the quarter, compared to analysts' expectations of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. On average, equities research analysts anticipate that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.57 dividend. The ex-dividend date was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management's dividend payout ratio (DPR) is 100.75%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.