Allspring Global Investments Holdings LLC Reduces Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Allspring Global Investments Holdings LLC lowered its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 45.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,933 shares of the asset manager’s stock after selling 6,524 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Artisan Partners Asset Management were worth $352,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. CWM LLC boosted its stake in shares of Artisan Partners Asset Management by 94.5% during the second quarter. CWM LLC now owns 4,136 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 2,010 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Artisan Partners Asset Management by 5.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,395 shares of the asset manager’s stock valued at $1,215,000 after acquiring an additional 1,450 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Artisan Partners Asset Management by 7.3% during the second quarter. Apollon Wealth Management LLC now owns 8,801 shares of the asset manager’s stock valued at $390,000 after acquiring an additional 595 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in shares of Artisan Partners Asset Management during the second quarter valued at $284,000. Finally, Callan Family Office LLC boosted its stake in shares of Artisan Partners Asset Management by 972.2% during the second quarter. Callan Family Office LLC now owns 75,237 shares of the asset manager’s stock valued at $3,335,000 after acquiring an additional 68,220 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $43.48 on Friday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.56 and a beta of 1.72. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day simple moving average is $44.94 and its 200-day simple moving average is $43.31.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The firm had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. During the same period in the previous year, the company posted $0.82 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Friday, August 15th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.66%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APAM. Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. TD Cowen decreased their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, October 14th. Evercore ISI decreased their price target on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada raised their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus price target of $44.00.

About Artisan Partners Asset Management

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.