Artisan Partners Asset Management (NYSE:APAM) Hits New 52-Week Low – What’s Next?

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.78 and last traded at $34.8340, with a volume of 1503569 shares traded. The stock had previously closed at $37.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APAM shares. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings lowered Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Royal Bank Of Canada lowered their price target on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Stock Down 6.3%

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 firm has a market cap of $2.81 billion, a PE ratio of 8.82 and a beta of 1.67. The business has a fifty day moving average price of $37.10 and a two-hundred day moving average price of $39.84.

Artisan Partners Asset Management (NYSE:APAM) last issued 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). Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The business had revenue of $303.01 million for the quarter, compared to analysts’ expectations of $304.01 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued 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 8.8%. Artisan Partners Asset Management’s payout ratio is currently 77.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Artisan Partners Asset Management by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after purchasing an additional 52,644 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Artisan Partners Asset Management by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock valued at $124,185,000 after purchasing an additional 54,667 shares in the last quarter. State Street Corp grew its stake in Artisan Partners Asset Management by 0.4% in the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after purchasing an additional 12,356 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Artisan Partners Asset Management by 12.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after purchasing an additional 289,105 shares in the last quarter. Finally, Morgan Stanley grew its stake in Artisan Partners Asset Management by 1.5% in the fourth quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock valued at $82,402,000 after purchasing an additional 30,515 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

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.