Artisan Partners Asset Management (NYSE:APAM) Stock Breaks Below 200 Day Moving Average – What’s Next?

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $38.15 and traded as low as $37.90. Artisan Partners Asset Management shares last traded at $38.1120, with a volume of 994,308 shares.

Analyst Upgrades and Downgrades

APAM has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, September 29th. Evercore set a $33.00 price objective on Artisan Partners Asset Management in a research report on Thursday, October 29th. Zacks Research lowered Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. TD Cowen reduced their price objective on Artisan Partners Asset Management from $37.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, The Goldman Sachs Group decreased their target price on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating on the stock in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $34.75.

Artisan Partners Asset Management Stock Down 1.0%

The business’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $38.15. The company has a market capitalization of $3.09 billion, a PE ratio of 9.01 and a beta of 1.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.39.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 27th. The asset manager reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. Artisan Partners Asset Management had a net margin of 24.54% and a return on equity of 71.69%. The business had revenue of $312.52 million for the quarter, compared to the consensus estimate of $307.60 million. During the same period last year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts forecast that Artisan Partners Asset Management Inc. will post 3.94 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.88 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 9.2%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.80. Artisan Partners Asset Management’s dividend payout ratio is currently 75.65%.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Gregory Ramirez sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total value of $298,130.00. Following the completion of the sale, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. This represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Isthmus Partners LLC lifted its holdings in Artisan Partners Asset Management by 0.3% in the 3rd quarter. Isthmus Partners LLC now owns 95,118 shares of the asset manager’s stock worth $3,436,000 after purchasing an additional 326 shares during the last quarter. WealthCollab LLC grew its holdings in shares of Artisan Partners Asset Management by 21.9% in the 1st quarter. WealthCollab LLC now owns 2,072 shares of the asset manager’s stock worth $75,000 after purchasing an additional 372 shares during the last quarter. Aviance Capital Partners LLC raised its stake in shares of Artisan Partners Asset Management by 1.2% in the first quarter. Aviance Capital Partners LLC now owns 33,564 shares of the asset manager’s stock valued at $1,221,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Artisan Partners Asset Management by 20.9% in the third quarter. Farther Finance Advisors LLC now owns 3,148 shares of the asset manager’s stock worth $114,000 after purchasing an additional 545 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Artisan Partners Asset Management by 51.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,658 shares of the asset manager’s stock worth $57,000 after buying an additional 560 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management is a global investment management firm that provides active investment strategies to institutional and individual investors. The firm manages portfolios through specialized investment teams, each with its own investment approach and research process. Its offerings include equity and fixed-income strategies spanning a range of styles, market sectors and geographies. These strategies are available through vehicles such as mutual funds and separate accounts, serving clients including institutions and financial intermediaries.