TD Cowen Stays Selective on Asset Managers, Keeps Hold on Artisan Partners (APAM)

Artisan Partners Asset Management Inc. (NYSE:APAM) is included among the 13 Dividend Stocks with Over 8% Yield.

On January 14, TD Cowen cut its price target on Artisan Partners Asset Management Inc. (NYSE:APAM) to $40 from $46 and kept a Hold rating on the stock. The firm said its broader view still leans most positively toward traditional asset managers, though with a narrower focus on higher-conviction names. At the same time, it continues to favor alternatives, but with positioning that reflects a “Higher for Longer” rate environment and less sensitivity tied to 2026 market beta.

Back in November, Artisan said it had signed a definitive agreement to acquire full ownership of Grandview Property Partners, a real estate private equity firm focused on sourcing, developing, acquiring, and managing middle-market properties across the US.

The deal fits neatly with Artisan’s long-term approach. Management has consistently leaned into talent-driven platforms and higher value-added strategies, steadily broadening its reach across equities, credit, and alternative assets by bringing in specialized teams and differentiated investment capabilities.

The transaction is expected to close in the first quarter of 2026, subject to standard closing conditions. Artisan expects the acquisition to add modestly to earnings per share once Grandview’s next flagship closed-end drawdown fund reaches its final close.

Artisan Partners Asset Management Inc. (NYSE:APAM) operates as a global, multi-asset investment platform, offering a range of high-value-added strategies across growing asset classes to institutional and sophisticated clients worldwide.

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