Artisan Partners Asset Management (APAM) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Artisan Partners Asset Management (NYSE:APAM) from a hold rating to a sell rating in a research note published on Tuesday.

A number of other brokerages have also recently weighed in on APAM. TheStreet cut Artisan Partners Asset Management from a b- rating to a c+ rating in a research report on Thursday, April 26th. Zacks Investment Research upgraded Artisan Partners Asset Management from a sell rating to a hold rating in a research report on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Artisan Partners Asset Management presently has a consensus rating of Hold and a consensus price target of $38.60.

APAM opened at $30.35 on Tuesday. The company has a market cap of $2.46 billion, a PE ratio of 12.59, a PEG ratio of 0.82 and a beta of 1.67. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01. Artisan Partners Asset Management has a 1 year low of $29.00 and a 1 year high of $41.45.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $211.75 million. Artisan Partners Asset Management had a return on equity of 160.18% and a net margin of 8.63%. Artisan Partners Asset Management’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. research analysts predict that Artisan Partners Asset Management will post 3.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend was Wednesday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 99.59%.

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Artisan Partners Asset Management in the first quarter worth $101,000. O Shaughnessy Asset Management LLC boosted its stake in Artisan Partners Asset Management by 107,760.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,393 shares of the asset manager’s stock worth $180,000 after purchasing an additional 5,388 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Artisan Partners Asset Management in the fourth quarter worth $225,000. AMP Capital Investors Ltd acquired a new position in Artisan Partners Asset Management in the fourth quarter worth $225,000. Finally, We Are One Seven LLC acquired a new position in Artisan Partners Asset Management in the fourth quarter worth $232,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.

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

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

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