Wasatch Advisors LP Has $58.85 Million Position in Artisan Partners Asset Management Inc. $APAM

Wasatch Advisors LP grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,704,243 shares of the asset manager’s stock after acquiring an additional 132,708 shares during the period. Wasatch Advisors LP’s holdings in Artisan Partners Asset Management were worth $58,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Eagle Bay Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $32,000. Triumph Capital Management grew its stake in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after buying an additional 450 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Artisan Partners Asset Management in the 4th quarter valued at about $37,000. IFP Advisors Inc raised its holdings in Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 300 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Artisan Partners Asset Management during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APAM shares. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a report on Friday, July 10th. TD Cowen increased their target price on Artisan Partners Asset Management from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price target on Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Zacks Research downgraded Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $38.00.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $43.26 on Wednesday. The company’s 50 day moving average price is $37.71 and its two-hundred day moving average price is $38.46. Artisan Partners Asset Management Inc. has a 12-month low of $33.96 and a 12-month high of $48.46. The firm has a market cap of $3.51 billion, a PE ratio of 10.50 and a beta of 1.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The company had revenue of $307.91 million for the quarter, compared to analysts’ expectations of $301.32 million. During the same period last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.91 earnings per share for the current 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. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 7.4%. Artisan Partners Asset Management’s dividend payout ratio is 74.76%.

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.