Evergreen Capital Management LLC Purchases Shares of 15,917 Artisan Partners Asset Management Inc. $APAM

Evergreen Capital Management LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,917 shares of the asset manager’s stock, valued at approximately $691,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its position in shares of Artisan Partners Asset Management by 25.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock worth $109,233,000 after acquiring an additional 493,300 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Artisan Partners Asset Management by 1,213.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager’s stock worth $4,523,000 after purchasing an additional 96,280 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Artisan Partners Asset Management in the second quarter worth approximately $3,389,000. Callan Family Office LLC lifted its holdings in shares of Artisan Partners Asset Management by 972.2% in the second quarter. Callan Family Office LLC now owns 75,237 shares of the asset manager’s stock valued at $3,335,000 after purchasing an additional 68,220 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Artisan Partners Asset Management in the second quarter valued at approximately $2,647,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APAM shares. Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Evercore ISI upped their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Stock Down 3.4%

APAM stock opened at $42.82 on Wednesday. The stock has a market cap of $3.46 billion, a P/E ratio of 11.70 and a beta of 1.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $42.09 and its two-hundred day simple moving average is $44.20. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 8.2%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 96.17%.

Artisan Partners Asset Management Company 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.