Citigroup Inc. Has $2.52 Million Position in Artisan Partners Asset Management Inc. $APAM

Citigroup Inc. lowered its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 49.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 58,137 shares of the asset manager’s stock after selling 57,867 shares during the period. Citigroup Inc. owned approximately 0.07% of Artisan Partners Asset Management worth $2,523,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APAM. Federated Hermes Inc. lifted its position in shares of Artisan Partners Asset Management by 132.1% during the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after acquiring an additional 267,136 shares during the period. Principal Financial Group Inc. increased its position in shares of Artisan Partners Asset Management by 18.5% in the third quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock worth $17,941,000 after purchasing an additional 64,625 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Artisan Partners Asset Management in the third quarter valued at about $1,613,000. Ruffer LLP acquired a new position in Artisan Partners Asset Management in the third quarter valued at about $3,041,000. Finally, Cresset Asset Management LLC bought a new stake in Artisan Partners Asset Management during the second quarter worth about $2,041,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Down 2.3%

Shares of NYSE:APAM opened at $37.31 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $48.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $42.67 and its 200-day moving average is $43.35. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.30 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. During the same period in the previous year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.57 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend was Friday, February 13th. Artisan Partners Asset Management’s payout ratio is 100.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada lowered their price objective 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, February 6th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company 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 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.