Artisan Partners Asset Management (NYSE:APAM) Given New $33.00 Price Target at Evercore ISI

Artisan Partners Asset Management (NYSE:APAM) had its price objective trimmed by Evercore ISI from $40.00 to $33.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an in-line rating on the asset manager’s stock.

Several other research analysts have also recently weighed in on the stock. TD Cowen lowered their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada cut their price target 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 given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.63.

Artisan Partners Asset Management Trading Up 1.4 %

Shares of Artisan Partners Asset Management stock opened at $35.50 on Friday. 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 twelve month low of $32.75 and a twelve month high of $49.54. The firm has a market capitalization of $2.85 billion, a PE ratio of 9.75 and a beta of 1.80. The firm’s 50-day moving average price is $40.75 and its 200 day moving average price is $43.47.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, sell-side analysts predict that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.63%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after buying an additional 263 shares during the last quarter. Bessemer Group Inc. raised its position in shares of 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 acquiring an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Artisan Partners Asset Management by 110.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after purchasing an additional 330 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after purchasing 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 approximately $57,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

About Artisan Partners Asset Management

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.