Artisan Partners Asset Management (NYSE:APAM) Announces Earnings Results

Artisan Partners Asset Management (NYSE:APAM) announced its quarterly earnings data on Tuesday. The asset manager reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04), FiscalAI reports. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business had revenue of $303.00 million for the quarter, compared to analyst estimates of $306.05 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year.

Artisan Partners Asset Management Stock Up 2.5%

Shares of Artisan Partners Asset Management stock traded up $0.92 during trading on Thursday, hitting $37.55. 497,962 shares of the stock traded hands, compared to its average volume of 697,475. The stock has a market cap of $3.03 billion, a P/E ratio of 9.37 and a beta of 1.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. Artisan Partners Asset Management has a twelve month low of $34.99 and a twelve month high of $48.50. The company has a fifty day moving average price of $37.50 and a two-hundred day moving average price of $41.06.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Friday, May 15th. Artisan Partners Asset Management’s payout ratio is currently 100.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock valued at $124,185,000 after acquiring an additional 54,667 shares in the last quarter. State Street Corp raised its stake in shares of Artisan Partners Asset Management by 0.4% in the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after acquiring an additional 12,356 shares in the last quarter. Morgan Stanley raised its stake in shares of Artisan Partners Asset Management by 1.5% in the 4th quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock valued at $82,402,000 after acquiring an additional 30,515 shares in the last quarter. Channing Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 14.6% in the 4th quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock valued at $80,165,000 after acquiring an additional 250,475 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in shares of Artisan Partners Asset Management by 5.5% in the 4th quarter. Wasatch Advisors LP now owns 1,659,336 shares of the asset manager’s stock valued at $67,601,000 after acquiring an additional 85,955 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APAM has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada reduced their price target on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings lowered Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Finally, Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $39.20.

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.