Artisan Partners Asset Management (NYSE:APAM) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Artisan Partners Asset Management (NYSE:APAM – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other equities research analysts also recently commented on APAM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada dropped their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Check Out Our Latest Analysis on APAM

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $40.45 on Friday. The company has a 50-day simple moving average of $42.91 and a 200-day simple moving average of $43.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $3.26 billion, a PE ratio of 10.09 and a beta of 1.77. Artisan Partners Asset Management has a 12 month low of $32.75 and a 12 month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last announced its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. Artisan Partners Asset Management’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 earnings per share. On average, equities analysts anticipate that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management’s payout ratio is presently 100.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of APAM. Federated Hermes Inc. increased its holdings in Artisan Partners Asset Management by 132.1% in the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after purchasing an additional 267,136 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Artisan Partners Asset Management by 18.5% during the third quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock worth $17,941,000 after purchasing an additional 64,625 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management in the third quarter worth about $1,613,000. Ruffer LLP purchased a new stake in shares of Artisan Partners Asset Management in the third quarter worth about $3,041,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Artisan Partners Asset Management in the second quarter valued at about $2,041,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

(Get Free Report)

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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