Baird Financial Group Inc. Has $581,000 Holdings in Artisan Partners Asset Management Inc. $APAM

Key Points

• Baird Financial Group Inc. increased its stake in Artisan Partners Asset Management by 67.6%, acquiring an additional 6,000 shares, bringing its total holdings to 14,870 shares valued at approximately $581,000.
• Wall Street analysts have varying opinions on Artisan Partners, with an average rating of "Hold" and a consensus price target of $41.90, reflecting mixed forecasts for the stock's performance.
• Artisan Partners recently declared a quarterly dividend of $0.73 per share, yielding 6.3%, an increase from the previous dividend of $0.68, indicating strong financial health.

Baird Financial Group Inc. increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 67.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,870 shares of the asset manager's stock after buying an additional 6,000 shares during the quarter. Baird Financial Group Inc.'s holdings in Artisan Partners Asset Management were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Artisan Partners Asset Management by 12.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager's stock worth $2,234,000 after acquiring an additional 6,508 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of Artisan Partners Asset Management during the first quarter valued at about $275,000. Drake & Associates LLC lifted its holdings in Artisan Partners Asset Management by 31.0% in the first quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager's stock worth $1,571,000 after purchasing an additional 9,518 shares during the period. Squarepoint Ops LLC lifted its holdings in Artisan Partners Asset Management by 80.2% in the fourth quarter. Squarepoint Ops LLC now owns 19,397 shares of the asset manager's stock worth $835,000 after purchasing an additional 8,633 shares during the period. Finally, Twelve Points Wealth Management LLC increased its stake in Artisan Partners Asset Management by 7.6% during the 1st quarter. Twelve Points Wealth Management LLC now owns 77,190 shares of the asset manager's stock valued at $3,018,000 after buying an additional 5,478 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock traded down $0.13 during mid-day trading on Tuesday, hitting $45.00. The company's stock had a trading volume of 415,787 shares, compared to its average volume of 374,023. The stock has a market capitalization of $3.63 billion, a P/E ratio of 11.97 and a beta of 1.71. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The stock's fifty day moving average price is $46.38 and its two-hundred day moving average price is $42.47. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48.

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 analysts' consensus estimates of $0.82 by $0.01. The company had revenue of $282.80 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Research 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 business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.73 dividend. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. The ex-dividend date was Friday, August 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.5%. Artisan Partners Asset Management's dividend payout ratio is 77.66%.

Analyst Ratings Changes

APAM has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Friday, September 5th. TD Cowen dropped their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a "hold" rating on the stock in a report on Monday. Royal Bank Of Canada upped their target price on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Zacks Research cut Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $43.50.

Artisan Partners Asset Management Profile

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.