Short Interest in Artisan Partners Asset Management Inc. (NYSE:APAM) Grows By 40.8%

Artisan Partners Asset Management Inc. (NYSE:APAM) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 5,723,607 shares, a growth of 40.8% from the January 29th total of 4,064,465 shares. Based on an average daily trading volume, of 702,904 shares, the short-interest ratio is presently 8.1 days. Approximately 8.1% of the company’s shares are short sold. Approximately 8.1% of the company’s shares are short sold. Based on an average daily trading volume, of 702,904 shares, the short-interest ratio is presently 8.1 days.

Analyst Ratings Changes

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

Artisan Partners Asset Management Trading Down 1.3%

APAM opened at $39.90 on Wednesday. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week 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 0.91. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.95 and a beta of 1.77. The company’s 50 day moving average price is $42.87 and its two-hundred day moving average price is $43.48.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The firm had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

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

Institutional Investors Weigh In On Artisan Partners Asset Management

Several institutional investors and hedge funds have recently made changes to their positions in APAM. WealthCollab LLC boosted its holdings in Artisan Partners Asset Management by 17.0% in the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 247 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Artisan Partners Asset Management by 4.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock worth $270,000 after purchasing an additional 255 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Artisan Partners Asset Management by 18.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock worth $75,000 after purchasing an additional 265 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Artisan Partners Asset Management by 0.9% in the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after purchasing an additional 269 shares during the last quarter. Finally, Provident Investment Management Inc. increased its position in shares of Artisan Partners Asset Management by 1.2% during the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock worth $968,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.