Royal Bank of Canada Cuts Artisan Partners Asset Management (NYSE:APAM) Price Target to $51.00

Artisan Partners Asset Management (NYSE:APAM) had its price target decreased by Royal Bank of Canada from $53.00 to $51.00 in a report published on Monday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the asset manager’s stock.

APAM has been the subject of a number of other research reports. Evercore ISI boosted their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Trading Up 0.5 %

Shares of Artisan Partners Asset Management stock opened at $44.78 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management has a 12-month low of $37.89 and a 12-month high of $49.54. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.47 and a beta of 1.81. The firm’s 50-day moving average price is $44.63 and its two-hundred day moving average price is $43.66.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly 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 23.95% and a return on equity of 71.50%. On average, analysts forecast that Artisan Partners Asset Management will post 3.47 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. Artisan Partners Asset Management’s payout ratio is 90.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APAM. Smartleaf Asset Management LLC grew its holdings in Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth $255,000. Los Angeles Capital Management LLC grew its stake in shares of Artisan Partners Asset Management by 1.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,490 shares of the asset manager’s stock worth $2,992,000 after purchasing an additional 1,147 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Artisan Partners Asset Management in the fourth quarter valued at $614,000. Finally, Sigma Planning Corp bought a new position in Artisan Partners Asset Management during the 4th quarter worth $202,000. Institutional investors and hedge funds own 86.45% 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.