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

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) has been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.10.

APAM has been the topic of a number of analyst reports. Wall Street Zen raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada upped their target price on Artisan Partners Asset Management from $44.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. TD Securities upped their target price on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, May 1st. TD Cowen decreased their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Evercore ISI decreased their target price on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a report on Thursday, May 1st.

Insider Buying and Selling at Artisan Partners Asset Management

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

Hedge Funds Weigh In On Artisan Partners Asset Management

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Artisan Partners Asset Management by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock valued at $208,000 after acquiring an additional 226 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager's stock valued at $57,000 after acquiring an additional 249 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in shares of Artisan Partners Asset Management by 5.0% during the second quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager's stock valued at $246,000 after acquiring an additional 263 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Artisan Partners Asset Management by 1.8% during the first quarter. Vident Advisory LLC now owns 15,577 shares of the asset manager's stock valued at $609,000 after buying an additional 278 shares during the last quarter. Finally, Napatree Capital LLC boosted its position in shares of Artisan Partners Asset Management by 1.8% during the first quarter. Napatree Capital LLC now owns 16,843 shares of the asset manager's stock valued at $659,000 after buying an additional 301 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Down 0.7%

Artisan Partners Asset Management stock traded down $0.34 during trading hours on Tuesday, reaching $46.43. The company had a trading volume of 260,586 shares, compared to its average volume of 504,385. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average price of $43.29 and a 200 day moving average price of $41.57. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 12.84 and a beta of 1.70. 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 announced its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $277.10 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.68 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 5.86%. Artisan Partners Asset Management's payout ratio is 75.14%.

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.