Janus Henderson Group PLC Cuts Holdings in Artisan Partners Asset Management Inc. $APAM

Key Points

• Janus Henderson cut its APAM stake by 71.5% in the first quarter, selling 236,104 shares and retaining 94,142 shares valued at approximately $3.43 million. Institutional investors and hedge funds collectively own 86.45% of the company.
• Analyst sentiment is cautious: MarketBeat reports a consensus rating of “Reduce” with an average price target of $38.00, despite RBC raising its target to $45 and maintaining an outperform rating.
• Artisan Partners beat quarterly earnings expectations, reporting $0.94 EPS and $307.91 million in revenue, while revenue increased 8.9% year over year. The company also raised its quarterly dividend to $0.80, implying a 7.5% annualized yield.

Janus Henderson Group PLC trimmed its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 71.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 94,142 shares of the asset manager's stock after selling 236,104 shares during the period. Janus Henderson Group PLC owned about 0.12% of Artisan Partners Asset Management worth $3,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APAM. Eagle Bay Advisors LLC bought a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $32,000. Triumph Capital Management boosted its position in Artisan Partners Asset Management by 112.5% in the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager's stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Artisan Partners Asset Management in the fourth quarter worth $37,000. IFP Advisors Inc grew its stake in Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager's stock valued at $41,000 after purchasing an additional 300 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APAM shares. TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $35.00 to $37.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Zacks Research cut shares of Artisan Partners Asset Management from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Artisan Partners Asset Management has a consensus rating of "Reduce" and an average price target of $38.00.

Artisan Partners Asset Management Price Performance

APAM opened at $42.65 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 10.35 and a beta of 1.67. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $37.49 and a 200-day moving average price of $38.51. Artisan Partners Asset Management Inc. has a twelve month low of $33.96 and a twelve month high of $48.46.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.03. The company had revenue of $307.91 million for the quarter, compared to analysts' expectations of $301.32 million. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. Artisan Partners Asset Management's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Equities analysts expect that Artisan Partners Asset Management Inc. will post 3.91 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.77. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.5%. Artisan Partners Asset Management's dividend payout ratio is 74.76%.

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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