Louisiana State Employees Retirement System Takes Position in Artisan Partners Asset Management Inc. $APAM

Louisiana State Employees Retirement System bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,200 shares of the asset manager’s stock, valued at approximately $1,135,000.

A number of other large investors also recently modified their holdings of the company. UBS Group AG lifted its position in Artisan Partners Asset Management by 21.6% in the 4th quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock valued at $11,369,000 after acquiring an additional 49,635 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth approximately $3,653,000. Vestcor Inc increased its holdings in Artisan Partners Asset Management by 154.5% during the 4th quarter. Vestcor Inc now owns 45,733 shares of the asset manager’s stock worth $1,863,000 after purchasing an additional 27,762 shares in the last quarter. Barclays PLC raised its stake in shares of Artisan Partners Asset Management by 30.7% in the third quarter. Barclays PLC now owns 512,433 shares of the asset manager’s stock worth $22,240,000 after purchasing an additional 120,267 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth approximately $3,490,000. 86.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Royal Bank Of Canada dropped their price objective on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and an average target price of $39.75.

Artisan Partners Asset Management Trading Up 0.0%

NYSE:APAM opened at $35.43 on Friday. Artisan Partners Asset Management Inc. has a 52 week low of $33.96 and a 52 week high of $48.50. The firm has a 50-day moving average price of $36.56 and a two-hundred day moving average price of $39.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 8.97 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio is 77.97%.

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.