84,170 Shares in Artisan Partners Asset Management Inc. $APAM Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp. bought a new position of 84,170 shares in Artisan Partners (NYSE:APAM) during Q3—about $3.65 million—and institutional investors now own roughly 86.45% of the company, with large holders like Vanguard and Wasatch increasing stakes.
• Artisan beat quarterly expectations with EPS of $1.26 versus $1.11 and revenue of $335.5M (up 13% YoY), while reporting a 24.3% net margin and a 73.7% return on equity.
• The company paid an annual dividend of $0.57 on Feb 27 (the report lists a 134.0% yield and a ~100.75% payout ratio), and analysts’ consensus is a "Hold" rating with an average price target of $42.00.

Tudor Investment Corp ET AL bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 84,170 shares of the asset manager's stock, valued at approximately $3,653,000. Tudor Investment Corp ET AL owned 0.10% of Artisan Partners Asset Management at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Artisan Partners Asset Management by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager's stock worth $334,820,000 after acquiring an additional 52,644 shares during the period. State Street Corp increased its holdings in Artisan Partners Asset Management by 0.4% during the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager's stock worth $122,755,000 after acquiring an additional 12,356 shares during the period. Dimensional Fund Advisors LP increased its holdings in Artisan Partners Asset Management by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,625,936 shares of the asset manager's stock worth $70,566,000 after acquiring an additional 16,437 shares during the period. Wasatch Advisors LP increased its holdings in Artisan Partners Asset Management by 15.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,573,381 shares of the asset manager's stock worth $68,285,000 after acquiring an additional 205,380 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Artisan Partners Asset Management by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,502,287 shares of the asset manager's stock worth $65,199,000 after acquiring an additional 22,790 shares during the period. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Price Performance

APAM stock opened at $37.05 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91. Artisan Partners Asset Management Inc. has a one year low of $33.63 and a one year high of $48.50. The stock has a market cap of $2.99 billion, a PE ratio of 9.24 and a beta of 1.76. The firm has a 50 day simple moving average of $39.34 and a two-hundred day simple moving average of $41.67.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The business had revenue of $335.51 million during the quarter, compared to analysts' expectations of $322.13 million. During the same quarter in the previous year, the company earned $1.05 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

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. This represents a yield of 134.0%. The ex-dividend date of this dividend was Friday, February 13th. Artisan Partners Asset Management's payout ratio is currently 100.75%.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a "sell" rating on the stock in a report on Tuesday. Weiss Ratings lowered shares of Artisan Partners Asset Management from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 20th. Royal Bank Of Canada decreased 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 report on Friday, February 6th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $42.00.

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.

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