Brandywine Global Investment Management LLC Increases Stock Position in Artisan Partners Asset Management Inc. $APAM

Brandywine Global Investment Management LLC boosted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 42.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 104,950 shares of the asset manager’s stock after purchasing an additional 31,210 shares during the period. Brandywine Global Investment Management LLC’s holdings in Artisan Partners Asset Management were worth $4,276,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. WealthCollab LLC boosted its position 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 purchasing an additional 247 shares during the period. Smartleaf Asset Management LLC raised its stake in Artisan Partners Asset Management by 18.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 265 shares in the last quarter. WINTON GROUP Ltd raised its stake in 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 in the last quarter. Provident Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 1.2% during the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock worth $968,000 after acquiring an additional 275 shares in the last quarter. Finally, IFP Advisors Inc raised its stake 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 acquiring an additional 300 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. The Goldman Sachs Group reduced their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Zacks Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, Royal Bank Of Canada dropped 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 research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Price Performance

APAM opened at $34.58 on Thursday. 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 stock has a market capitalization of $2.79 billion, a P/E ratio of 8.75 and a beta of 1.67. The company’s 50-day simple moving average is $37.08 and its two-hundred day simple moving average is $39.76. Artisan Partners Asset Management Inc. has a 52-week low of $34.37 and a 52-week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate 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 business had revenue of $303.01 million for the quarter, compared to analysts’ expectations of $304.01 million. During the same period in the previous year, the company earned $0.83 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS 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. Stockholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.9%. Artisan Partners Asset Management’s dividend payout ratio is presently 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.