1 week Ago By Defense World Staff
StockNews.com lowered shares of Artisan Partners Asset Management (NYSE:APAM – Free Report) from a buy rating to a hold rating in a report released on Tuesday.Separately, Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.
00 to $51.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock.
According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and an average target price of $44.38.
Get Our Latest Report on Artisan Partners Asset ManagementArtisan Partners Asset Management Price PerformanceNYSE:APAM opened at $33.84 on Tuesday. Artisan Partners Asset Management has a 52-week low of $32.
75 and a 52-week high of $49.54. The stock has a fifty day moving average of $41.
41 and a 200 day moving average of $43.67. The company has a debt-to-equity ratio of 0.
47, a quick ratio of 0.73 and a current ratio of 0.56.
The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.30 and a beta of 1.
80. Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.
05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08.
Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%.
On average, research analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year. Artisan Partners Asset Management Cuts DividendThe firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th.
Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.91%.
Artisan Partners Asset Management’s payout ratio is 92.31%. Hedge Funds Weigh In On Artisan Partners Asset ManagementSeveral institutional investors and hedge funds have recently made changes to their positions in the business.
Vanguard Group Inc. lifted its position in Artisan Partners Asset Management by 1.0% in the fourth quarter.
Vanguard Group Inc. now owns 8,097,132 shares of the asset manager’s stock valued at $348,582,000 after purchasing an additional 78,979 shares during the last quarter. Charles Schwab Investment Management Inc.
raised its holdings in Artisan Partners Asset Management by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 2,772,632 shares of the asset manager’s stock valued at $119,362,000 after buying an additional 128,717 shares during the last quarter. State Street Corp raised its holdings in Artisan Partners Asset Management by 1.2% during the 3rd quarter.
State Street Corp now owns 2,742,935 shares of the asset manager’s stock valued at $118,824,000 after buying an additional 33,723 shares during the last quarter. Geode Capital Management LLC boosted its position in Artisan Partners Asset Management by 2.2% during the 4th quarter.
Geode Capital Management LLC now owns 1,813,598 shares of the asset manager’s stock valued at $78,092,000 after buying an additional 38,284 shares during the period. Finally, Channing Capital Management LLC grew its holdings in Artisan Partners Asset Management by 14.5% in the 4th quarter.
Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock worth $76,221,000 after acquiring an additional 224,455 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.
About Artisan Partners Asset Management (Get Free Report)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.
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