Artisan Partners Asset Management (APAM) Lowered to Hold at ValuEngine

ValuEngine cut shares of Artisan Partners Asset Management (NYSE:APAM) from a buy rating to a hold rating in a research note released on Friday.

Several other brokerages have also issued reports on APAM. BidaskClub lowered Artisan Partners Asset Management from a strong-buy rating to a buy rating in a research report on Saturday, October 28th. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the company a buy rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Artisan Partners Asset Management from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Tuesday, October 10th. Jefferies Group reaffirmed a hold rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Finally, Sidoti raised Artisan Partners Asset Management from a neutral rating to a buy rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $31.93.

Shares of Artisan Partners Asset Management (NYSE:APAM) opened at $39.65 on Friday. The company has a market capitalization of $3,007.61, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.72 and a beta of 1.83. Artisan Partners Asset Management has a 12-month low of $26.30 and a 12-month high of $40.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. Artisan Partners Asset Management’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. equities analysts anticipate that Artisan Partners Asset Management will post 2.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, November 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.05%. Artisan Partners Asset Management’s payout ratio is 129.73%.

Several hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of Artisan Partners Asset Management by 0.3% during the 1st quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock worth $550,000 after acquiring an additional 50 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Artisan Partners Asset Management by 0.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,160 shares of the asset manager’s stock worth $251,000 after acquiring an additional 54 shares during the period. Bbva Compass Bancshares Inc. grew its stake in shares of Artisan Partners Asset Management by 0.5% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 18,167 shares of the asset manager’s stock worth $558,000 after acquiring an additional 93 shares during the period. Quantbot Technologies LP grew its stake in shares of Artisan Partners Asset Management by 3.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after acquiring an additional 120 shares during the period. Finally, Comerica Bank grew its stake in shares of Artisan Partners Asset Management by 1.9% during the 2nd quarter. Comerica Bank now owns 10,810 shares of the asset manager’s stock worth $356,000 after acquiring an additional 199 shares during the period. Institutional investors own 63.51% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/artisan-partners-asset-management-apam-lowered-to-hold-at-valuengine.html.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

Receive News & Ratings for Artisan Partners Asset Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply