Petrus Trust Company LTA Makes New $480,000 Investment in Artisan Partners Asset Management Inc. $APAM

Key Points

• Petrus Trust Company LTA has acquired 12,273 shares of Artisan Partners Asset Management Inc., valued at approximately $480,000, during Q1 2023.
• Artisan Partners has declared a quarterly dividend of $0.73 per share, an increase from the previous $0.68, providing a yield of 6.3%.
• The stock's current price is $46.32, with a market cap of $3.74 billion, and has seen a revenue increase of 4.4% compared to the same quarter last year.

Petrus Trust Company LTA acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,273 shares of the asset manager's stock, valued at approximately $480,000.

A number of other large investors also recently modified their holdings of APAM. Nuveen LLC purchased a new stake in Artisan Partners Asset Management during the 1st quarter valued at about $17,671,000. Vaughan Nelson Investment Management L.P. increased its stake in Artisan Partners Asset Management by 24.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager's stock worth $77,057,000 after purchasing an additional 381,210 shares during the period. Harbor Capital Advisors Inc. lifted its position in Artisan Partners Asset Management by 67,047.1% in the first quarter. Harbor Capital Advisors Inc. now owns 253,816 shares of the asset manager's stock valued at $9,924,000 after purchasing an additional 253,438 shares during the last quarter. Millennium Management LLC lifted its position in Artisan Partners Asset Management by 98.2% in the fourth quarter. Millennium Management LLC now owns 439,057 shares of the asset manager's stock valued at $18,901,000 after purchasing an additional 217,552 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Artisan Partners Asset Management by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager's stock worth $114,976,000 after purchasing an additional 167,930 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Down 0.0%

Artisan Partners Asset Management stock traded down $0.02 on Wednesday, hitting $46.47. 541,703 shares of the stock traded hands, compared to its average volume of 564,734. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.75 billion, a P/E ratio of 12.36 and a beta of 1.71. The business's fifty day simple moving average is $46.43 and its 200 day simple moving average is $42.33. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $282.80 million during the quarter, compared to analyst estimates of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.73 per share. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management's payout ratio is 77.66%.

Analyst Ratings Changes

A number of equities research analysts recently commented on APAM shares. Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Zacks Research downgraded Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a report on Monday. Evercore ISI upped their price target on Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.90.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.