Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAMFree Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,898 shares of the asset manager’s stock after acquiring an additional 498 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Artisan Partners Asset Management were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in APAM. Commonwealth Equity Services LLC lifted its stake in shares of Artisan Partners Asset Management by 176.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 21,245 shares of the asset manager’s stock valued at $972,000 after purchasing an additional 13,568 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Artisan Partners Asset Management by 246.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,054 shares of the asset manager’s stock valued at $48,000 after buying an additional 750 shares during the last quarter. Meritage Portfolio Management purchased a new position in Artisan Partners Asset Management during the first quarter worth about $4,209,000. Crescent Grove Advisors LLC increased its position in shares of Artisan Partners Asset Management by 6.8% during the first quarter. Crescent Grove Advisors LLC now owns 12,600 shares of the asset manager’s stock valued at $577,000 after acquiring an additional 800 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Artisan Partners Asset Management by 21.0% in the 1st quarter. New York State Teachers Retirement System now owns 38,260 shares of the asset manager’s stock valued at $1,751,000 after acquiring an additional 6,647 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Up 3.1 %

NYSE APAM opened at $39.95 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 12.18 and a beta of 1.81. The firm has a 50 day simple moving average of $42.53 and a 200-day simple moving average of $42.95. Artisan Partners Asset Management Inc. has a one year low of $32.12 and a one year high of $46.75.

Artisan Partners Asset Management (NYSE:APAMGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The business had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $270.90 million. During the same period in the prior year, the business earned $0.64 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.44 annualized dividend and a yield of 6.11%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 74.39%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Artisan Partners Asset Management from $42.00 to $37.00 and set a “hold” rating for the company in a report on Monday. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th.

Get Our Latest Research Report on APAM

Artisan Partners Asset Management Company Profile

(Free Report)

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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