Edgestream Partners L.P. Acquires 109,926 Shares of Artisan Partners Asset Management Inc. $APAM

Edgestream Partners L.P. increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 101.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 218,013 shares of the asset manager’s stock after acquiring an additional 109,926 shares during the quarter. Edgestream Partners L.P.’s holdings in Artisan Partners Asset Management were worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. WealthCollab LLC increased its holdings in Artisan Partners Asset Management by 17.0% during the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after buying an additional 247 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Artisan Partners Asset Management by 0.9% during the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock worth $1,214,000 after acquiring an additional 269 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Artisan Partners Asset Management by 45.8% during the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Artisan Partners Asset Management by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 64,112 shares of the asset manager’s stock valued at $2,842,000 after acquiring an additional 317 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Artisan Partners Asset Management by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 12,266 shares of the asset manager’s stock valued at $500,000 after acquiring an additional 331 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APAM shares. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research note on Friday, July 10th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut 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, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Artisan Partners Asset Management has an average rating of “Reduce” and an average target price of $39.25.

Key Artisan Partners Asset Management News

Here are the key news stories impacting Artisan Partners Asset Management this week:

• Positive Sentiment: Artisan Partners posted second-quarter earnings of $0.94 per share, exceeding the $0.91 analyst consensus. Revenue reached $307.9 million, above estimates of $301.3 million and up 8.9% year over year. Artisan Partners Q2 earnings report
• Positive Sentiment: The company declared a quarterly dividend of $0.80 per share, a 3.9% increase from the prior $0.77 payout. The dividend is payable August 31 to shareholders of record August 17, supporting APAM’s income-investment appeal with an indicated yield of approximately 7.8%. Artisan Partners dividend announcement
• Positive Sentiment: Profitability remained strong, with a reported net margin of 23.49% and return on equity of 72.99%. Year-over-year EPS also increased from $0.83 to $0.94. Artisan Partners earnings snapshot

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $40.34 on Thursday. The business has a 50 day simple moving average of $36.91 and a two-hundred day simple moving average of $38.57. Artisan Partners Asset Management Inc. has a 1-year low of $33.96 and a 1-year high of $48.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $3.25 billion, a PE ratio of 9.79 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.71%. The company had revenue of $307.90 million for the quarter, compared to the consensus estimate of $301.32 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Artisan Partners Asset Management’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.89 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. This represents a $3.20 annualized dividend and a yield of 7.9%. Artisan Partners Asset Management’s payout ratio is presently 77.97%.

Artisan Partners Asset Management Company 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.