Vanguard Group Inc. Has $334.82 Million Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Vanguard Group Inc. increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,714,737 shares of the asset manager’s stock after buying an additional 52,644 shares during the period. Vanguard Group Inc. owned 9.56% of Artisan Partners Asset Management worth $334,820,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Artisan Partners Asset Management by 132.1% during the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after acquiring an additional 267,136 shares during the period. Principal Financial Group Inc. raised its stake in Artisan Partners Asset Management by 18.5% in the third quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock valued at $17,941,000 after purchasing an additional 64,625 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in Artisan Partners Asset Management during the third quarter worth about $1,613,000. Ruffer LLP acquired a new stake in Artisan Partners Asset Management during the third quarter worth about $3,041,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at approximately $2,041,000. 86.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

APAM has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Stock Down 2.7%

Artisan Partners Asset Management stock opened at $40.23 on Friday. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $48.50. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.03 and a beta of 1.76. The company has a current ratio of 0.91, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $42.93 and its two-hundred day moving average price is $43.63.

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, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.Artisan Partners Asset Management’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

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

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.