Artisan Partners Asset Management (APAM) has recently received attention from research analysts and has seen changes in its stock ratings and target prices. Royal Bank of Canada increased the target price for APAM shares from $40.00 to $45.00, indicating a positive outlook on the company’s performance. Meanwhile, StockNews.com upgraded APAM from a “hold” rating to a “buy” rating, further contributing to the positive sentiment surrounding the company.
On the other hand, one investment analyst has given APAM a sell rating, while two others have issued hold ratings. The company currently holds a consensus rating of “Hold” and a consensus price target of $34.75 according to Bloomberg.com data.
In terms of dividends, Artisan Partners Asset Management recently declared a quarterly dividend that was paid on August 31st. Shareholders recorded as of August 17th received $0.61 per share as dividend payment. This represents an increase from the previous quarterly dividend of $0.50 per share. With an annualized dividend payout ratio of 84.43%, APAM offers shareholders a generous dividend yield of 6.71%.
Turning to stock performance, APAM opened at $36.34 on September 27th, providing investors with an entry point for potential trading or investment activities. The company’s financials indicate favorable liquidity ratios with both a quick ratio and current ratio standing at 0.58, reflecting stability in its financial position.
Over the past year, APAM shares have shown resilience in their trading range, with a low of $25.67 and a high of $42.97.
Looking at the moving averages, Artisan Partners Asset Management had a 50-day moving average of $38.50 and a two-hundred-day moving average of $36.00 as of September 27th.
With regard to market capitalization, APAM stands at around $2.67 billion, indicating a stable position in the market.
An important metric to consider is the price-to-earnings (P/E) ratio, which measures a company’s valuation relative to its earnings. APAM currently has a P/E ratio of 12.57, which suggests that the company may be undervalued compared to its earnings potential.
Furthermore, APAM’s beta value of 1.86 reflects higher volatility compared to the overall market. Investors seeking potentially higher returns should evaluate this risk factor before making investment decisions.
In conclusion, Artisan Partners Asset Management has attracted attention from research analysts and seen changes in stock ratings and target prices. The recent dividend increase showcases the company’s commitment to rewarding shareholders. While varying opinions exist among analysts, APAM remains an intriguing option for investors considering its historical performance and financial stability.
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Institutional Investors and Analysts Revise Artisan Partners Asset Management’s Earnings Estimates
Equities research analysts at Zacks Research have revised their earnings per share (EPS) estimates for Artisan Partners Asset Management Inc. (NYSE:APAM) for the third quarter of 2023. In a note to investors on Monday, September 25th, analyst S. Jhunjhunwala lowered the Q3 EPS estimate from $0.78 per share to $0.27 per share. The consensus estimate for Artisan Partners Asset Management’s full-year earnings is currently $2.93 per share.
Furthermore, Zacks Research provided additional estimates for the company’s future earnings. They projected Q4 2023 earnings at $0.28 per share, FY2023 earnings at $1.90 per share, Q1 2024 earnings at $0.48 per share, Q2 2024 earnings at $0.74 per share, Q4 2024 earnings at $1.21 per share, Q1 2025 earnings at $1.55 per share, Q2 2025 earnings at $1.96 per share, and FY2025 earnings at $8.95 per share.
Artisan Partners Asset Management also recently announced a quarterly dividend that was paid on Thursday, August 31st. Shareholders of record as of Thursday, August 17th were issued a dividend of $0.61 per share. This increase represents an annualized dividend of $2.44 and a dividend yield of 6.71%. This marks a significant increase from the previous quarterly dividend of $0 .50 with an ex-dividend date on Wednesday, August 16th in comparison.
The company’s dividend payout ratio currently stands at 84.43%.
During the company’s most recent quarterly earnings data release on Wednesday, August 2nd, it reported an EPS of $0 .71 for the quarter which exceeded the consensus estimate by $0.10. The asset manager also demonstrated a net margin of 21.49% and a return on equity of 77.65%. Although Artisan Partners Asset Management had revenue of $242.90 million during the quarter, it fell slightly short of the consensus estimate for revenue which was projected at $245.55 million, with a decrease of 3.4% in comparison to the same period in the previous year.
Significant modifications have been made by a number of institutional investors and hedge funds in relation to their holdings in Artisan Partners Asset Management recently. For example, Goldman Sachs Group Inc., increased its holdings by 666.1% during the second quarter, which now amounts to a total of 2,344,717 shares worth $92,171,000 after acquiring an additional 2,038,663 shares in that period. Similarly, BlackRock Inc.’s holdings increased by 25.0% during the second quarter to now owning 6,239,056 shares worth $245 ,257 ,000 after purchasing an extra 1 ,248 ,940 shares.
Other notable companies such as Morgan Stanley and Charles Schwab Investment Management Inc., experienced increases in their holdings by 138 .0 % and 137 .9 % respectively underlining strong investor confidence.
These adjustments demonstrate the growing interest from institutional investors and hedge funds towards Artisan Partners Asset Management Inc., with approximately 89 .45 % of its stock now being owned by such entities.
As we move closer to September’s end date and post Q3 earnings release for Artisan Partners Asset Management Inc., market participants will be closely watching these developments to understand how this dynamic unfolding may impact the asset manager’s overall performance moving forward into next quarter and potentially beyond.
