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. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Evercore ISI lifted their target price on Artisan Partners Asset Management to $35.00 in a research report on Tuesday. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $33.50 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, July 14th. Keefe, Bruyette & Woods lifted their target price on Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a "market perform" rating in a research report on Tuesday, June 28th. Finally, StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Friday, May 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.50.
Artisan Partners Asset Management Stock Performance
APAM Stock traded up $0.40 during trading on Thursday, hitting $38.45. The company had a trading volume of 4,134 shares, compared to its average volume of 417,149. The firm has a market cap of $3.03 billion, a PE ratio of 9.35 and a beta of 1.71. Artisan Partners Asset Management has a 1-year low of $32.07 and a 1-year high of $53.29. The firm has a 50-day moving average price of $37.01 and a 200-day moving average price of $37.52. The company has a quick ratio of 0.61, a current ratio of 0.58 and a debt-to-equity ratio of 0.82.
Artisan Partners Asset Management (NYSE:APAM - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.05). The company had revenue of $251.40 million during the quarter, compared to analyst estimates of $264.51 million. Artisan Partners Asset Management had a net margin of 24.10% and a return on equity of 131.59%. During the same quarter last year, the firm earned $1.28 EPS. On average, analysts expect that Artisan Partners Asset Management will post 3.4 earnings per share for the current year.
Artisan Partners Asset Management Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Tuesday, August 16th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 74.69%.