Artisan Partners Asset Management (NYSE:APAM) Sets New 52-Week Low – Should You Sell?

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week low on Thursday . The stock traded as low as $36.40 and last traded at $37.62, with a volume of 509141 shares trading hands. The stock had previously closed at $40.22.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Trading Down 7.9 %

The business’s 50 day moving average price is $42.35 and its two-hundred day moving average price is $43.92. 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 company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.18 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.40%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of institutional investors and hedge funds have recently modified their holdings of APAM. Larson Financial Group LLC boosted its position in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Bessemer Group Inc. lifted its stake in Artisan Partners Asset Management by 208.6% during the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after buying 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 valued at $27,000 after buying an additional 330 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after buying an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter worth approximately $57,000. 86.45% of the stock is owned by institutional investors and hedge funds.

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.