Wasatch Advisors LP lessened its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,571,535 shares of the asset manager’s stock after selling 87,801 shares during the period. Wasatch Advisors LP owned 1.95% of Artisan Partners Asset Management worth $57,188,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Foster Dykema Cabot & Partners LLC acquired a new position in Artisan Partners Asset Management in the third quarter valued at approximately $27,000. Community Bank N.A. acquired a new stake in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $33,000. Eagle Bay Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $32,000. Triumph Capital Management lifted its holdings in shares of Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 86.45% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on APAM. Royal Bank Of Canada reduced their price objective on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Evercore set a $39.00 target price on Artisan Partners Asset Management in a research note on Monday, June 8th. The Goldman Sachs Group reduced their price target on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. Finally, Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $39.75.
Artisan Partners Asset Management Stock Performance
APAM opened at $35.48 on Friday. The business’s 50 day moving average is $36.84 and its 200-day moving average is $39.27. The stock has a market cap of $2.86 billion, a PE ratio of 8.98 and a beta of 1.67. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Artisan Partners Asset Management Inc. has a twelve month low of $34.37 and a twelve month high of $48.50.
Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. During the same period last year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current year.
Artisan Partners Asset Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Friday, May 15th. Artisan Partners Asset Management’s payout ratio is 77.97%.
Artisan Partners Asset Management Profile
Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.
Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.
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