Alps Advisors Inc. Lowers Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Alps Advisors Inc. reduced its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,128 shares of the asset manager’s stock after selling 33,982 shares during the quarter. Alps Advisors Inc.’s holdings in Artisan Partners Asset Management were worth $6,819,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Federated Hermes Inc. raised its position in Artisan Partners Asset Management by 132.1% in the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after purchasing an additional 267,136 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management during the third quarter worth approximately $1,613,000. Ruffer LLP acquired a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $3,041,000. Cresset Asset Management LLC purchased a new position in Artisan Partners Asset Management in the second quarter worth approximately $2,041,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Artisan Partners Asset Management by 1,213.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager’s stock worth $4,523,000 after acquiring an additional 96,280 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Royal Bank Of Canada decreased their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday. Evercore increased their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $45.21 on Monday. The stock’s 50-day moving average is $42.71 and its two-hundred day moving average is $43.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 0.76. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $48.50. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 11.27 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. Analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.57 dividend. This represents a dividend yield of 127.0%. The ex-dividend date of this dividend is Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is presently 87.78%.

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.