Favorable Press Coverage Somewhat Unlikely to Affect Artisan Partners Asset Management (APAM) Share Price

Headlines about Artisan Partners Asset Management (NYSE:APAM) have been trending positive on Friday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Artisan Partners Asset Management earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.751978009758 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Artisan Partners Asset Management (NYSE APAM) traded up $0.25 during trading hours on Friday, hitting $39.95. The company had a trading volume of 197,500 shares, compared to its average volume of 451,662. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. Artisan Partners Asset Management has a fifty-two week low of $26.30 and a fifty-two week high of $40.65. The firm has a market cap of $2,977.38, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.70 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The business had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. During the same quarter last year, the company posted $0.56 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts anticipate that Artisan Partners Asset Management will post 2.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.01%. The ex-dividend date was Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 129.73%.

A number of equities analysts recently weighed in on APAM shares. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 10th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group reiterated a “hold” rating and issued a $32.00 price target on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Finally, ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.93.

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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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