Artisan Partners Asset Management (NYSE:APAM) Lowered to "Hold" Rating by StockNews.com

StockNews.com cut shares of Artisan Partners Asset Management (NYSE:APAM - Free Report) from a buy rating to a hold rating in a research note released on Monday morning.

Separately, Royal Bank of Canada dropped their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $44.38.

Artisan Partners Asset Management Stock Down 3.0 %

Shares of Artisan Partners Asset Management stock traded down $1.18 during trading hours on Monday, reaching $38.67. 801,079 shares of the company's stock were exchanged, compared to its average volume of 520,667. The stock has a market cap of $3.10 billion, a P/E ratio of 10.62 and a beta of 1.83. The company has a 50 day moving average of $43.06 and a two-hundred day moving average of $44.02. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management has a fifty-two week low of $37.89 and a fifty-two week high of $49.54.

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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 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 92.31%.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of institutional investors have recently added to or reduced their stakes in APAM. Larson Financial Group LLC grew its stake in shares of Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after purchasing an additional 263 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Artisan Partners Asset Management by 208.6% during the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after buying an additional 388 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after buying an additional 330 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after buying an additional 642 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $57,000. 86.45% of the stock is owned by institutional investors.

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.