ValuEngine Lowers Artisan Partners Asset Management (APAM) to Sell

ValuEngine lowered shares of Artisan Partners Asset Management (NYSE:APAM) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Several other research firms also recently issued reports on APAM. Zacks Investment Research downgraded Artisan Partners Asset Management from a buy rating to a hold rating in a research note on Monday, February 26th. TheStreet upgraded Artisan Partners Asset Management from a c+ rating to a b rating in a research note on Tuesday, May 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Artisan Partners Asset Management has a consensus rating of Hold and a consensus price target of $38.60.

Artisan Partners Asset Management opened at $29.80 on Tuesday, MarketBeat Ratings reports. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.67. Artisan Partners Asset Management has a 1-year low of $29.00 and a 1-year high of $41.45. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.71 and a current ratio of 0.71.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $212.00 million during the quarter, compared to the consensus estimate of $211.75 million. Artisan Partners Asset Management had a return on equity of 160.18% and a net margin of 8.63%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. analysts predict that Artisan Partners Asset Management will post 3.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Thursday, May 17th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $2.40 annualized dividend and a yield of 8.05%. Artisan Partners Asset Management’s payout ratio is 99.59%.

A number of large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its stake in Artisan Partners Asset Management by 157.0% during the 1st quarter. Allianz Asset Management GmbH now owns 319,346 shares of the asset manager’s stock valued at $10,634,000 after purchasing an additional 195,105 shares during the period. Xact Kapitalforvaltning AB bought a new stake in Artisan Partners Asset Management during the 1st quarter valued at approximately $257,000. Royal Bank of Canada lifted its position in shares of Artisan Partners Asset Management by 66.4% in the 1st quarter. Royal Bank of Canada now owns 134,158 shares of the asset manager’s stock worth $4,468,000 after acquiring an additional 53,523 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth approximately $753,000. Finally, UBS Group AG lifted its position in shares of Artisan Partners Asset Management by 95.7% in the 1st quarter. UBS Group AG now owns 116,076 shares of the asset manager’s stock worth $3,866,000 after acquiring an additional 56,751 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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