Heartland Advisors Inc. Has $932,000 Holdings in Artisan Partners Asset Management Inc. $APAM

Heartland Advisors Inc. lessened its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 82.6% in the third quarter, Holdings Channel.com reports. The firm owned 21,473 shares of the asset manager’s stock after selling 101,671 shares during the period. Heartland Advisors Inc.’s holdings in Artisan Partners Asset Management were worth $932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chilton Capital Management LLC acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth about $28,000. Plato Investment Management Ltd acquired a new stake in Artisan Partners Asset Management in the 3rd quarter valued at approximately $43,000. Carolina Wealth Advisors LLC bought a new stake in Artisan Partners Asset Management in the 3rd quarter valued at approximately $55,000. Atlantic Union Bankshares Corp acquired a new position in Artisan Partners Asset Management during the 2nd quarter worth approximately $57,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Artisan Partners Asset Management by 31.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on APAM shares. Royal Bank Of Canada cut their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Finally, Evercore raised their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Artisan Partners Asset Management Stock Down 0.3%

APAM stock opened at $42.45 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.43 billion, a PE ratio of 10.59 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $48.50. The business’s 50 day simple moving average is $42.99 and its 200 day simple moving average is $43.89.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.57 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is currently 100.75%.

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.