Vanguard Group Inc. Acquires 52,644 Shares of Artisan Partners Asset Management Inc. $APAM

Vanguard Group Inc. increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,714,737 shares of the asset manager’s stock after buying an additional 52,644 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Artisan Partners Asset Management worth $334,820,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in APAM. State of New Jersey Common Pension Fund D boosted its position in shares of Artisan Partners Asset Management by 3.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,331 shares of the asset manager’s stock valued at $2,054,000 after acquiring an additional 1,716 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Artisan Partners Asset Management by 13.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,404 shares of the asset manager’s stock worth $191,000 after purchasing an additional 516 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Artisan Partners Asset Management by 12.0% in the third quarter. Public Sector Pension Investment Board now owns 312,766 shares of the asset manager’s stock valued at $13,574,000 after purchasing an additional 33,428 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Artisan Partners Asset Management by 3.1% during the third quarter. Illinois Municipal Retirement Fund now owns 37,030 shares of the asset manager’s stock valued at $1,607,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $361,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

APAM has been the topic of several research reports. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada cut their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.

Artisan Partners Asset Management Trading Down 2.7%

APAM opened at $40.23 on Friday. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 1.02. The business has a 50 day simple moving average of $42.93 and a two-hundred day simple moving average of $43.63. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.03 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The firm had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. During the same period last year, the company earned $1.05 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.57 per share. This represents a yield of 134.0%. The ex-dividend date of this dividend was Friday, February 13th. Artisan Partners Asset Management’s payout ratio is presently 100.75%.

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.