Artisan Partners Asset Management (NYSE:APAM) Trading Down 2.2%

Artisan Partners Asset Management Inc. (NYSE:APAM) shares were down 2.2% on Monday . The company traded as low as $37.10 and last traded at $37.14. Approximately 18,138 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 647,712 shares. The stock had previously closed at $37.98.

Analysts Set New Price Targets

Several research analysts have commented on APAM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Artisan Partners Asset Management in a report on Thursday, September 28th. TheStreet lowered shares of Artisan Partners Asset Management from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.75.

Artisan Partners Asset Management Trading Down 1.5 %

The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 12.46 and a beta of 1.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $36.77.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.28. The firm had revenue of $248.70 million for the quarter, compared to analyst estimates of $245.15 million. Artisan Partners Asset Management had a net margin of 22.10% and a return on equity of 74.68%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. Research analysts expect that Artisan Partners Asset Management Inc. will post 2.31 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 6.95%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is currently 86.67%.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently added to or reduced their stakes in APAM. Private Trust Co. NA boosted its holdings in shares of Artisan Partners Asset Management by 458.3% during the 3rd quarter. Private Trust Co. NA now owns 670 shares of the asset manager’s stock worth $25,000 after buying an additional 550 shares during the period. First Capital Advisors Group LLC. bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth $25,000. Acadian Asset Management LLC bought a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth $26,000. State of Wyoming bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at $26,000. Finally, Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management in the 2nd quarter valued at $29,000. 89.45% of the stock is owned by institutional investors.

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.