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

Key Points

• Analysts have a “Reduce” consensus on Artisan Partners Asset Management: two rate it a sell, three recommend holding, and one recommends buying. The average 12-month price target is $38, below the reported share price of $41.69.
• Artisan Partners exceeded quarterly expectations, reporting $0.94 EPS versus the $0.91 consensus and revenue of $307.91 million, up 8.9% year over year.
• The company raised its quarterly dividend to $0.80 per share, implying a $3.20 annualized payout and a 7.7% yield; institutional investors own 86.45% of the stock.

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) has received a consensus rating of "Reduce" from the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.00.

Several analysts have recently weighed in on APAM shares. Zacks Research cut shares of Artisan Partners Asset Management from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 22nd. TD Cowen lifted their price target on shares of Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on Artisan Partners Asset Management from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research report on Friday, July 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Artisan Partners Asset Management in a research report on Thursday, July 2nd.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of APAM. Charles Schwab Investment Management Inc. lifted its position in Artisan Partners Asset Management by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager's stock valued at $124,185,000 after buying an additional 54,667 shares during the last quarter. State Street Corp increased its position in shares of Artisan Partners Asset Management by 0.4% during the second 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 during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager's stock valued at $94,175,000 after acquiring an additional 289,105 shares during the last quarter. Morgan Stanley raised its stake in shares of Artisan Partners Asset Management by 1.5% in the 4th 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 period. Finally, Channing Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 14.6% in the 4th 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 period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Up 0.5%

NYSE APAM opened at $41.69 on Wednesday. The business's fifty day simple moving average is $38.29 and its 200-day simple moving average is $38.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.38 billion, a PE ratio of 10.12 and a beta of 1.67. Artisan Partners Asset Management has a 52 week low of $33.96 and a 52 week high of $47.57.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The firm had revenue of $307.91 million during the quarter, compared to analysts' expectations of $301.32 million. During the same period last year, the business earned $0.83 earnings per share. Artisan Partners Asset Management's revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts anticipate that Artisan Partners Asset Management will post 3.91 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. This is a boost from Artisan Partners Asset Management's previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 7.7%. Artisan Partners Asset Management's dividend payout ratio is currently 74.76%.

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.

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