Artisan Partners Asset Management Inc. $APAM Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP trimmed its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,571,535 shares of the asset manager’s stock after selling 87,801 shares during the quarter. Wasatch Advisors LP’s holdings in Artisan Partners Asset Management were worth $57,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APAM. UBS Group AG raised its holdings in Artisan Partners Asset Management by 21.6% during the fourth quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock worth $11,369,000 after purchasing an additional 49,635 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Artisan Partners Asset Management in the third quarter worth approximately $3,653,000. Elo Mutual Pension Insurance Co boosted its stake in Artisan Partners Asset Management by 187.2% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 38,730 shares of the asset manager’s stock valued at $1,681,000 after purchasing an additional 25,243 shares in the last quarter. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after purchasing an additional 52,644 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Artisan Partners Asset Management by 30.7% during the 3rd quarter. Barclays PLC now owns 512,433 shares of the asset manager’s stock valued at $22,240,000 after purchasing an additional 120,267 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Evercore set a $39.00 target price on Artisan Partners Asset Management in a research note on Monday, June 8th. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. One 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Trading Up 1.8%

Shares of NYSE:APAM opened at $35.48 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.98 and a beta of 1.67. Artisan Partners Asset Management Inc. has a 1-year low of $34.37 and a 1-year high of $48.50. The company has a 50 day moving average price of $36.84 and a 200 day moving average price of $39.27.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The company had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. During the same period in the prior year, the company posted $0.83 EPS. Artisan Partners Asset Management’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Friday, May 15th. 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.