Barclays PLC Acquires 120,267 Shares of Artisan Partners Asset Management Inc. $APAM

Barclays PLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 512,433 shares of the asset manager’s stock after buying an additional 120,267 shares during the quarter. Barclays PLC owned approximately 0.63% of Artisan Partners Asset Management worth $22,240,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $28,000. Plato Investment Management Ltd acquired a new position in shares of Artisan Partners Asset Management during the third quarter valued at $43,000. Carolina Wealth Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the third quarter valued at $55,000. Smartleaf Asset Management LLC boosted its holdings in Artisan Partners Asset Management by 31.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 350 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Artisan Partners Asset Management by 24.6% in the third quarter. Farther Finance Advisors LLC now owns 1,598 shares of the asset manager’s stock worth $69,000 after purchasing an additional 316 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Price Performance

APAM opened at $36.26 on Thursday. The stock has a market cap of $2.92 billion, a P/E ratio of 9.04 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $48.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $42.40 and a 200 day simple moving average of $43.15.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $335.51 million during the quarter, compared to analysts’ expectations of $322.13 million. During the same period in the previous year, the firm earned $1.05 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. On average, research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS 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. The ex-dividend date of this dividend was Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s payout ratio is presently 100.75%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APAM. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada reduced their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Finally, Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.00.

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.