Artisan Partners Asset Management (NYSE:APAM) Hits New 12-Month Low – What’s Next?

Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week low on Wednesday . The company traded as low as $34.23 and last traded at $34.31, with a volume of 176303 shares. The stock had previously closed at $34.53.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada decreased their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, April 7th. Zacks Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 8.78 and a beta of 1.67. The firm has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $39.16.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to analysts’ expectations of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. As a group, analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.9%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.97%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Large investors have recently made changes to their positions in the stock. UBS Group AG grew its position in Artisan Partners Asset Management by 21.6% in the 4th quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock valued at $11,369,000 after acquiring an additional 49,635 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Artisan Partners Asset Management during the 3rd quarter worth approximately $3,653,000. Elo Mutual Pension Insurance Co raised its stake in Artisan Partners Asset Management by 187.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 38,730 shares of the asset manager’s stock valued at $1,681,000 after buying an additional 25,243 shares in the last quarter. Barclays PLC lifted its stake in Artisan Partners Asset Management by 30.7% during the third quarter. Barclays PLC now owns 512,433 shares of the asset manager’s stock worth $22,240,000 after purchasing an additional 120,267 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter valued at $3,490,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

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.