Weekly Research Analysts’ Ratings Changes for Artisan Partners Asset Management (APAM)

Several brokerages have updated their recommendations and price targets on shares of Artisan Partners Asset Management (NYSE: APAM) in the last few weeks:

  • 8/1/2017 – Artisan Partners Asset Management was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Artisan Partners Asset Management was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 7/14/2017 – Artisan Partners Asset Management had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $32.00 price target on the stock.
  • 7/14/2017 – Artisan Partners Asset Management had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $32.00 price target on the stock.
  • 7/6/2017 – Artisan Partners Asset Management was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/30/2017 – Artisan Partners Asset Management was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/29/2017 – Artisan Partners Asset Management is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $34.00 price target on the stock.
  • 6/5/2017 – Artisan Partners Asset Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States. “
  • 6/2/2017 – Artisan Partners Asset Management was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Artisan Partners Asset Management Inc. (APAM) traded up 0.75% on Tuesday, hitting $33.50. The stock had a trading volume of 698,128 shares. Artisan Partners Asset Management Inc. has a 1-year low of $24.48 and a 1-year high of $33.85. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.07 and a beta of 1.73. The firm has a 50 day moving average of $31.10 and a 200-day moving average of $29.15.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a return on equity of 61.99% and a net margin of 10.47%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities analysts predict that Artisan Partners Asset Management Inc. will post $2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.16%. Artisan Partners Asset Management’s payout ratio is presently 151.90%.

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.

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