Elo Mutual Pension Insurance Co Buys 25,243 Shares of Artisan Partners Asset Management Inc. $APAM

Elo Mutual Pension Insurance Co lifted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 187.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,730 shares of the asset manager’s stock after purchasing an additional 25,243 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Artisan Partners Asset Management were worth $1,681,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its position in Artisan Partners Asset Management by 24.9% in the first quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock valued at $5,421,000 after buying an additional 27,676 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 6.4% in the first quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock valued at $2,712,000 after acquiring an additional 4,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Artisan Partners Asset Management by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock worth $1,465,000 after acquiring an additional 1,626 shares in the last quarter. Intech Investment Management LLC grew its position in Artisan Partners Asset Management by 46.8% during the 1st quarter. Intech Investment Management LLC now owns 30,184 shares of the asset manager’s stock worth $1,180,000 after acquiring an additional 9,629 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Artisan Partners Asset Management by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 117,084 shares of the asset manager’s stock worth $5,190,000 after acquiring an additional 3,840 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the subject of several research analyst reports. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada cut their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $39.99 on Thursday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 9.97 and a beta of 1.77. 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 current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $42.84 and a two-hundred day moving average price of $43.45.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The company had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities 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 firm also recently announced an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.57 per share. The ex-dividend date was Friday, February 13th. This represents a dividend yield of 134.0%. Artisan Partners Asset Management’s payout ratio is presently 100.75%.

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.