Elo Mutual Pension Insurance Co Has $1.68 Million Stake in Artisan Partners Asset Management Inc. $APAM

Elo Mutual Pension Insurance Co raised its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 187.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,730 shares of the asset manager’s stock after buying an additional 25,243 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Artisan Partners Asset Management were worth $1,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of APAM. Vanguard Group Inc. grew its holdings in Artisan Partners Asset Management by 0.7% during the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after purchasing an additional 52,644 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Artisan Partners Asset Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,976,151 shares of the asset manager’s stock worth $131,933,000 after purchasing an additional 35,589 shares in the last quarter. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 0.4% in the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after buying an additional 12,356 shares during the period. Geode Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,889,436 shares of the asset manager’s stock valued at $83,768,000 after buying an additional 25,426 shares in the last quarter. Finally, Channing Capital Management LLC raised its stake in Artisan Partners Asset Management by 0.8% during the 2nd quarter. Channing Capital Management LLC now owns 1,739,034 shares of the asset manager’s stock worth $77,091,000 after buying an additional 13,329 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Down 0.0%

NYSE APAM opened at $39.99 on Thursday. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $48.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50 day moving average price is $42.84 and its two-hundred day moving average price is $43.45. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.97 and a beta of 1.77.

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

Artisan Partners Asset Management Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given 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 100.75%.

Analysts Set New Price Targets

APAM has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Royal Bank Of Canada cut their price objective on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.

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.