Artisan Partners Asset Management Inc. $APAM Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,072 shares of the asset manager’s stock after buying an additional 16,028 shares during the period. Isthmus Partners LLC owned 0.11% of Artisan Partners Asset Management worth $3,314,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APAM. WealthCollab LLC lifted its position in Artisan Partners Asset Management by 17.0% during the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after acquiring an additional 247 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Artisan Partners Asset Management by 0.9% in the fourth 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 period. Provident Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 1.2% in the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock worth $968,000 after purchasing an additional 275 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after purchasing an additional 300 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Artisan Partners Asset Management by 0.5% during the second quarter. California State Teachers Retirement System now owns 64,112 shares of the asset manager’s stock worth $2,842,000 after purchasing an additional 317 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APAM has been the topic of several research reports. Evercore set a $39.00 price target on shares of Artisan Partners Asset Management in a report on Monday, June 8th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Wall Street Zen cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Royal Bank Of Canada lowered their price target on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $35.72 on Thursday. The company has a market capitalization of $2.88 billion, a PE ratio of 9.04 and a beta of 1.68. 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 company’s fifty day moving average price is $36.43 and its 200 day moving average price is $38.90. Artisan Partners Asset Management Inc. has a 1 year low of $33.96 and a 1 year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $304.01 million. During the same period in the previous year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Friday, May 15th. Artisan Partners Asset Management’s payout ratio is currently 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.