Navellier & Associates Inc. Makes New Investment in Artisan Partners Asset Management Inc. $APAM

Key Points

• Navellier & Associates purchased 85,669 shares of Artisan Partners (≈$3.49M), representing about 0.11% of the company, while other large institutions (Vanguard, State Street, Dimensional, Wasatch, Fisher) also adjusted stakes and overall institutional ownership stands at 86.45%.
• Artisan declared a quarterly dividend of $0.77 per share (ex-dividend May 15, pay May 29), equal to a $3.08 annualized payout and an ~8.2% yield, with a payout ratio of about 102%.
• The firm reported Q1 EPS of $0.87 (missing estimates by $0.04) and revenue of $303M (up 9.3% YoY); analysts have trimmed price targets and the stock carries an average MarketBeat rating of "Reduce" with an average target of $39.25.

Navellier & Associates Inc. purchased a new position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 85,669 shares of the asset manager's stock, valued at approximately $3,490,000. Navellier & Associates Inc. owned about 0.11% of Artisan Partners Asset Management as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Artisan Partners Asset Management by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager's stock worth $334,820,000 after purchasing an additional 52,644 shares during the last quarter. State Street Corp lifted its stake in Artisan Partners Asset Management by 0.4% in the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager's stock worth $122,755,000 after purchasing an additional 12,356 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Artisan Partners Asset Management by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,625,936 shares of the asset manager's stock worth $70,566,000 after purchasing an additional 16,437 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Artisan Partners Asset Management by 15.0% during the third quarter. Wasatch Advisors LP now owns 1,573,381 shares of the asset manager's stock valued at $68,285,000 after acquiring an additional 205,380 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Artisan Partners Asset Management by 1.5% during the third quarter. Fisher Asset Management LLC now owns 1,502,287 shares of the asset manager's stock valued at $65,199,000 after acquiring an additional 22,790 shares during the last quarter. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $37.58 on Wednesday. Artisan Partners Asset Management Inc. has a 12 month low of $34.99 and a 12 month high of $48.50. The company has a current ratio of 0.73, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $37.33 and a 200-day moving average price of $40.95. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 9.51 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The company had revenue of $303.00 million for the quarter, compared to analysts' expectations of $304.01 million. During the same quarter in the prior year, the firm earned $0.83 EPS. Artisan Partners Asset Management's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.2%. Artisan Partners Asset Management's payout ratio is currently 102.28%.

Analysts Set New Price Targets

APAM has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price objective on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group lowered their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a "sell" rating for the company in a research note on Tuesday, April 7th. Wall Street Zen downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 20th. Finally, Evercore set a $37.00 price objective on shares of Artisan Partners Asset Management in a research note on Friday, April 10th. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $39.25.

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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