Todays Report: Today, Artisan Partners Asset Management’s (APAM) Hold Rating Reaffirm at Credit Suisse Group AG

Today, Artisan Partners Asset Management’s (APAM) Hold Rating Reaffirm at Credit Suisse Group AG

Artisan Partners Asset Management Inc. (NYSE:APAM)‘s stock had its “hold” rating reissued by analysts at Credit Suisse Group AG in a note issued to investors on Monday. They currently have a $21.00 price objective on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 29.88% from the company’s previous close.

A number of other equities research analysts have also recently commented on APAM. Keefe, Bruyette & Woods set a $29.00 price objective on shares of Artisan Partners Asset Management and gave the company a “hold” rating in a research note on Saturday, October 15th. Jefferies Group decreased their price target on shares of Artisan Partners Asset Management from $34.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 11th. RBC Capital Markets cut shares of Artisan Partners Asset Management from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, July 25th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Thursday, October 13th. Finally, Royal Bank Of Canada cut shares of Artisan Partners Asset Management from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.60.

Shares of Artisan Partners Asset Management (NYSE:APAM) remained flat at $29.95 during trading on Monday. The stock had a trading volume of 165,133 shares. Artisan Partners Asset Management has a 12 month low of $23.65 and a 12 month high of $39.98. The stock has a market capitalization of $1.26 billion, a PE ratio of 18.46 and a beta of 1.70. The company has a 50 day moving average price of $27.40 and a 200 day moving average price of $28.32.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $182.31 million. Artisan Partners Asset Management had a net margin of 10.09% and a return on equity of 136.53%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. On average, equities research analysts forecast that Artisan Partners Asset Management will post $2.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be issued a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 8.01%. Artisan Partners Asset Management’s payout ratio is 149.07%.

In other Artisan Partners Asset Management news, Director Stephanie Dimarco purchased 1,078 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were purchased at an average price of $38.95 per share, for a total transaction of $41,988.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 40.29% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of APAM. Wells Fargo & Company MN raised its position in Artisan Partners Asset Management by 65.5% in the third quarter. Wells Fargo & Company MN now owns 2,495,538 shares of the company’s stock valued at $67,879,000 after buying an additional 987,531 shares during the last quarter. Denver Investment Advisors LLC acquired a new position in Artisan Partners Asset Management during the second quarter valued at approximately $15,533,000. Schroder Investment Management Group raised its position in Artisan Partners Asset Management by 867.6% in the second quarter. Schroder Investment Management Group now owns 562,039 shares of the company’s stock valued at $15,557,000 after buying an additional 503,951 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Artisan Partners Asset Management by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,939,899 shares of the company’s stock valued at $53,696,000 after buying an additional 321,202 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Artisan Partners Asset Management by 7.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,362,680 shares of the company’s stock valued at $118,665,000 after buying an additional 289,311 shares during the last quarter. Hedge funds and other institutional investors own 58.63% of the company’s stock.

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