Artisan Partners Asset Management Inc. $APAM Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 24.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,446 shares of the asset manager’s stock after selling 24,159 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Artisan Partners Asset Management worth $3,317,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCollab LLC raised its holdings in shares of 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. Maryland State Retirement & Pension System grew its position in shares of Artisan Partners Asset Management by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after buying an additional 251 shares during the last quarter. Guinness Asset Management LTD raised its stake in Artisan Partners Asset Management by 2.4% during the second quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock worth $484,000 after acquiring an additional 253 shares during the period. Belpointe Asset Management LLC lifted its holdings in Artisan Partners Asset Management by 4.3% in the third quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock worth $270,000 after acquiring an additional 255 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Artisan Partners Asset Management by 1.0% in the second quarter. Yousif Capital Management LLC now owns 26,077 shares of the asset manager’s stock worth $1,156,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $45.21 on Monday. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50. The stock’s fifty day moving average is $42.71 and its 200-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. The firm has a market capitalization 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 released its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.74%. Artisan Partners Asset Management’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. Equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on APAM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Evercore upped their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $44.00.

About Artisan Partners Asset Management

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.