Tudor Investment Corp ET AL Invests $3.65 Million in Artisan Partners Asset Management Inc. $APAM

Key Points

• Tudor Investment Corp ET AL bought a new stake of 84,170 shares of Artisan Partners Asset Management (NYSE:APAM), valued at about $3.65 million, representing roughly 0.10% ownership at the end of the period.
• Artisan reported strong quarterly results with $1.26 EPS (beating the $1.11 estimate), revenue of $335.5 million (up ~13% year-over-year), and a return on equity of 73.73%.
• The company paid an annual dividend of $0.57 on Feb 27 (with a payout ratio of 100.75%), and analysts hold a consensus "Hold" rating with an average price target of $44.00.

Tudor Investment Corp ET AL purchased a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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 reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings 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 acquiring an additional 300 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter valued at about $290,000. Provident Investment Management Inc. raised its holdings in Artisan Partners Asset Management by 1.2% in the 3rd quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager's stock worth $968,000 after purchasing an additional 275 shares during the period. Advisory Services Network LLC raised its stake in shares of Artisan Partners Asset Management by 6.7% during the 3rd quarter. Advisory Services Network LLC now owns 10,586 shares of the asset manager's stock worth $459,000 after buying an additional 664 shares during the period. Finally, Morningstar Investment Management LLC purchased a new position in Artisan Partners Asset Management during the third quarter valued at $1,526,000. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $36.27 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. The stock has a market capitalization of $2.92 billion, a PE ratio of 9.04 and a beta of 1.77. The business's 50 day simple moving average is $40.85 and its 200 day simple moving average is $42.35. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced 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 business had revenue of $335.51 million during the quarter, compared to analyst estimates of $322.13 million. During the same period in the prior year, the company earned $1.05 earnings per share. Artisan Partners Asset Management's revenue was up 13.0% compared to the same quarter last year. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued 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 dividend payout ratio (DPR) is 100.75%.

Analysts Set New Price Targets

A number of analysts have recently commented on APAM shares. TD Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. 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. Royal Bank Of Canada lowered their price target 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 cut Artisan Partners Asset Management from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Artisan Partners Asset Management currently has a consensus rating of "Hold" and an average target price of $44.00.

Artisan Partners Asset Management 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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