Bayforest Capital Ltd Has $319,000 Holdings in Artisan Partners Asset Management Inc. $APAM

Bayforest Capital Ltd lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 62.2% during the third quarter, Holdings Channel reports. The firm owned 7,346 shares of the asset manager’s stock after selling 12,085 shares during the period. Bayforest Capital Ltd’s holdings in Artisan Partners Asset Management were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WealthCollab LLC raised its stake in Artisan Partners Asset Management by 17.0% during the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after buying an additional 247 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 249 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Artisan Partners Asset Management by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock worth $918,000 after acquiring an additional 251 shares during the period. Guinness Asset Management LTD raised its position in shares of Artisan Partners Asset Management by 2.4% in the 2nd quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock worth $484,000 after acquiring an additional 253 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its position in shares of Artisan Partners Asset Management by 5.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock worth $246,000 after acquiring an additional 263 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen decreased their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Evercore ISI increased their price target on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Finally, 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 five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $43.97 on Tuesday. The firm has a market capitalization of $3.55 billion, a PE ratio of 12.01 and a beta of 1.76. The firm has a fifty day simple moving average of $42.21 and a two-hundred day simple moving average of $44.28. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.29 million for the quarter, compared to analyst estimates of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s payout ratio is 96.17%.

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.