Artisan Partners Asset Management Inc. $APAM Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,128 shares of the asset manager’s stock after selling 33,982 shares during the quarter. Alps Advisors Inc. owned about 0.19% of Artisan Partners Asset Management worth $6,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new stake in Artisan Partners Asset Management during the 3rd quarter valued at about $28,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management in the third quarter valued at approximately $55,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Artisan Partners Asset Management in the second quarter valued at approximately $57,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 350 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Artisan Partners Asset Management by 24.6% during the third quarter. Farther Finance Advisors LLC now owns 1,598 shares of the asset manager’s stock worth $69,000 after buying an additional 316 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Up 2.0%

Shares of APAM stock opened at $45.21 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.76 and a quick ratio of 1.02. The firm has a market cap of $3.65 billion, a PE ratio of 11.27 and a beta of 1.76. The company has a 50-day moving average of $42.71 and a two-hundred day moving average of $43.98. 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 quarterly 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. The business had revenue of $335.50 million for the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.74%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.57 per share. 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%.

Analyst Ratings Changes

APAM has been the subject of several analyst reports. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Evercore upped their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Royal Bank Of Canada reduced their target price 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. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Artisan Partners Asset Management 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.