News articles about Artisan Partners Asset Management (NYSE:APAM) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Artisan Partners Asset Management earned a news impact score of 0.21 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 47.3981908798534 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks Investment Research Downgrades Artisan Partners Asset Management (APAM) to Hold (americanbankingnews.com)
- Artisan Partners Asset Management AUM slips in February (seekingalpha.com)
- BRIEF-Artisan Partners Asset Management Reports February Assets Under Management (reuters.com)
- Artisan Partners Asset Management (APAM) Reports February AUM (streetinsider.com)
- Artisan Partners Asset Management Inc. Reports February 2018 Assets Under Management (finance.yahoo.com)
Shares of Artisan Partners Asset Management (NYSE:APAM) traded down $0.35 during midday trading on Wednesday, hitting $33.40. The company’s stock had a trading volume of 262,883 shares, compared to its average volume of 489,798. The company has a market capitalization of $2,637.04, a PE ratio of 43.95, a PEG ratio of 0.79 and a beta of 1.75. Artisan Partners Asset Management has a 12 month low of $26.30 and a 12 month high of $41.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.63 and a current ratio of 0.63.
Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 119.11%. The company had revenue of $210.70 million for the quarter, compared to the consensus estimate of $211.23 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. equities analysts forecast that Artisan Partners Asset Management will post 3.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.40 annualized dividend and a yield of 7.19%. Artisan Partners Asset Management’s dividend payout ratio is currently 315.79%.
Several brokerages have commented on APAM. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price target on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. ValuEngine downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, February 27th. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Bank of America lowered their price objective on shares of Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating on the stock in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $37.33.
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About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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