Capital World Investors Has $36.61 Million Stock Position in Artisan Partners Asset Management Inc. $APAM

Key Points

• Capital World Investors cut its stake in Artisan Partners by 37.2% in Q3, holding 843,448 shares (about 1.05% of the company) valued at roughly $36.61 million after selling 499,389 shares.
• Several other institutional investors sharply increased positions — including Federated Hermes (+132.1%), Barclays (+30.7%), Teacher Retirement System of Texas (+389.3%), Allspring (+1,213.7%) and AlphaQuest (+795.3%) — leaving institutional ownership at 86.45%.
• Artisan beat Q results (EPS $1.26 vs $1.11 estimate; revenue $335.5M, +13% YoY), declared a $0.57 annual dividend with a ~100.75% payout ratio, but analysts maintain a consensus "Hold" with a $44 price target while the stock trades near $35.

Capital World Investors lowered its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 37.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 843,448 shares of the asset manager's stock after selling 499,389 shares during the period. Capital World Investors owned approximately 1.05% of Artisan Partners Asset Management worth $36,606,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. grew its stake in Artisan Partners Asset Management by 132.1% during the third quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager's stock worth $20,371,000 after buying an additional 267,136 shares in the last quarter. Barclays PLC raised its position in shares of Artisan Partners Asset Management by 30.7% in the 3rd quarter. Barclays PLC now owns 512,433 shares of the asset manager's stock valued at $22,240,000 after buying an additional 120,267 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Artisan Partners Asset Management by 389.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 134,139 shares of the asset manager's stock worth $5,822,000 after acquiring an additional 106,724 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Artisan Partners Asset Management by 1,213.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager's stock worth $4,523,000 after acquiring an additional 96,280 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Artisan Partners Asset Management by 795.3% during the 3rd quarter. AlphaQuest LLC now owns 100,914 shares of the asset manager's stock worth $4,380,000 after acquiring an additional 89,642 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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. Royal Bank Of Canada reduced their target price on 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Zacks Research cut Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 9th. Finally, TD Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Artisan Partners Asset Management has an average rating of "Hold" and a consensus price target of $44.00.

Artisan Partners Asset Management Stock Down 3.4%

Shares of NYSE:APAM opened at $35.05 on Friday. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a market capitalization of $2.82 billion, a PE ratio of 8.74 and a beta of 1.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $42.29 and a 200-day moving average of $43.09.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The company had revenue of $335.51 million for the quarter, compared to the consensus estimate of $322.13 million. During the same quarter last year, the business posted $1.05 EPS. Artisan Partners Asset Management's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities 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 company also recently declared an annual dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.57 per share. This represents a dividend yield of 134.0%. The ex-dividend date was Friday, February 13th. Artisan Partners Asset Management's payout ratio is 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.

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