Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Has Consensus Price Target of $37.25 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Artisan Partners Asset Management, with four holds, one sell and one buy. The average 12-month price target is $37.25, compared with the reported share price of $33.70.
• The company exceeded quarterly expectations, reporting $0.94 in EPS versus the $0.91 consensus estimate and revenue of $307.91 million, up 8.9% year over year.
• Artisan Partners raised its quarterly dividend to $0.80 per share, or $3.20 annually, representing a reported 9.5% yield and a 77.67% payout ratio.

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat reports. One 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $37.25.

A number of equities analysts have commented on the company. Royal Bank Of Canada boosted their price objective on Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. The Goldman Sachs Group decreased their price objective on shares of Artisan Partners Asset Management from $35.00 to $31.00 and set a "sell" rating on the stock in a report on Friday, October 2nd. TD Cowen restated a "hold" rating and issued a $37.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, September 11th. Evercore set a $36.00 target price on shares of Artisan Partners Asset Management in a research report on Friday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Artisan Partners Asset Management in a report on Tuesday, September 29th.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $33.70 on Thursday. Artisan Partners Asset Management has a 1-year low of $33.38 and a 1-year high of $46.53. The company has a 50 day moving average of $39.74 and a 200-day moving average of $37.92. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 8.18 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.The business had revenue of $307.91 million for the quarter, compared to the consensus estimate of $301.32 million. During the same period in the previous year, the business earned $0.83 EPS. Artisan Partners Asset Management's revenue was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that Artisan Partners Asset Management will post 3.86 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 9.5%. Artisan Partners Asset Management's payout ratio is 77.67%.

Insider Buying and Selling at Artisan Partners Asset Management

In other news, EVP Gregory Ramirez sold 7,000 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $42.59, for a total transaction of $298,130.00. Following the transaction, the executive vice president owned 109,194 shares of the company's stock, valued at $4,650,572.46. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. raised its position in shares of Artisan Partners Asset Management by 12.6% during the 1st 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. Dimensional Fund Advisors LP grew its stake in shares of Artisan Partners Asset Management by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,670,380 shares of the asset manager's stock worth $60,782,000 after purchasing an additional 30,863 shares during the period. Wasatch Advisors LP increased its holdings in Artisan Partners Asset Management by 8.4% in the second quarter. Wasatch Advisors LP now owns 1,704,243 shares of the asset manager's stock valued at $58,848,000 after purchasing an additional 132,708 shares during the last quarter. Capital World Investors lifted its stake in Artisan Partners Asset Management by 8.0% in the fourth quarter. Capital World Investors now owns 910,522 shares of the asset manager's stock valued at $37,095,000 after buying an additional 67,074 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its holdings in Artisan Partners Asset Management by 2.8% during the fourth quarter. Crawford Investment Counsel Inc. now owns 517,768 shares of the asset manager's stock worth $21,094,000 after buying an additional 14,271 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

About Artisan Partners Asset Management

Artisan Partners Asset Management, Inc NYSE: APAM is a global investment management firm that provides active investment strategies to institutional investors, financial intermediaries and private clients. The company operates through affiliated investment teams with distinct approaches, investment philosophies and areas of expertise.

Artisan Partners offers a range of equity, fixed-income and alternative investment strategies. Its products and services include separately managed accounts, mutual funds, collective investment trusts and other investment vehicles designed for institutions, wealth managers and individual investors.

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