Allspring Global Investments Holdings LLC lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,898 shares of the asset manager’s stock after purchasing an additional 498 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Artisan Partners Asset Management were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in Artisan Partners Asset Management during the 4th quarter worth $925,000. Wasatch Advisors LP boosted its position in Artisan Partners Asset Management by 25.2% during the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after acquiring an additional 318,355 shares during the last quarter. Natixis Advisors L.P. grew its stake in Artisan Partners Asset Management by 33.2% during the 4th quarter. Natixis Advisors L.P. now owns 167,010 shares of the asset manager’s stock valued at $7,378,000 after acquiring an additional 41,599 shares in the last quarter. FCF Advisors LLC acquired a new stake in Artisan Partners Asset Management in the 1st quarter valued at about $988,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 42.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock worth $60,965,000 after purchasing an additional 397,424 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, TD Cowen cut their price target on Artisan Partners Asset Management from $42.00 to $37.00 and set a “hold” rating for the company in a report on Monday, July 8th.
Check Out Our Latest Report on Artisan Partners Asset Management
Artisan Partners Asset Management Stock Performance
NYSE:APAM opened at $42.10 on Friday. The company’s 50-day moving average is $42.40 and its two-hundred day moving average is $42.85. Artisan Partners Asset Management Inc. has a 1-year low of $32.12 and a 1-year high of $46.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 12.83 and a beta of 1.81.
Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.
Artisan Partners Asset Management Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is presently 74.39%.
Artisan Partners Asset Management Company Profile
Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.
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Read More: Allspring Global Investments Holdings LLC Boosts Holdings in Artisan Partners