Artisan Partners Asset Management Inc. $APAM Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.5% during the third quarter, HoldingsChannel.com reports. The fund owned 503,497 shares of the asset manager’s stock after selling 18,530 shares during the period. Crawford Investment Counsel Inc.’s holdings in Artisan Partners Asset Management were worth $21,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Artisan Partners Asset Management during the third quarter valued at approximately $27,000. Chilton Capital Management LLC bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth approximately $28,000. Community Bank N.A. bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth approximately $33,000. Plato Investment Management Ltd acquired a new position in Artisan Partners Asset Management during the 3rd quarter valued at approximately $43,000. Finally, Carolina Wealth Advisors LLC bought a new position in Artisan Partners Asset Management during the 3rd quarter worth $55,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on APAM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 6th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Artisan Partners Asset Management Stock Up 0.8%

Shares of Artisan Partners Asset Management stock opened at $35.40 on Friday. The business’s fifty day moving average price is $42.17 and its two-hundred day moving average price is $42.99. 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 company has a market capitalization of $2.85 billion, a P/E ratio of 8.83 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released 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 company had revenue of $335.51 million during the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued 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 dividend payout ratio is presently 100.75%.

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.