Wasatch Advisors LP Purchases 132,708 Shares of Artisan Partners Asset Management Inc. $APAM

Wasatch Advisors LP lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,704,243 shares of the asset manager's stock after buying an additional 132,708 shares during the period. Wasatch Advisors LP owned about 2.11% of Artisan Partners Asset Management worth $58,848,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at approximately $32,000. Triumph Capital Management boosted its position in Artisan Partners Asset Management by 112.5% during the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager's stock worth $35,000 after acquiring an additional 450 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Artisan Partners Asset Management in the fourth quarter valued at $37,000. IFP Advisors Inc grew its holdings in shares of 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at about $51,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Up 2.5%

Artisan Partners Asset Management stock opened at $43.26 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50-day moving average is $37.71 and its 200-day moving average is $38.46. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.50 and a beta of 1.67. Artisan Partners Asset Management Inc. has a fifty-two week low of $33.96 and a fifty-two week high of $48.46.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The business had revenue of $307.91 million during the quarter, compared to the consensus estimate of $301.32 million. During the same period last year, the business posted $0.83 EPS. Artisan Partners Asset Management's revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.91 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.77. This represents a $3.20 annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, August 17th. Artisan Partners Asset Management's dividend payout ratio is currently 74.76%.

Analyst Upgrades and Downgrades

APAM has been the topic of several analyst reports. TD Cowen upped their target price on 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 raised their price target on Artisan Partners Asset Management from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Artisan Partners Asset Management in a research report on Thursday, July 2nd. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research note on Friday, July 10th. Finally, Zacks Research downgraded Artisan Partners Asset Management from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $38.00.

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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