Inceptionr LLC Makes New Investment in Artisan Partners Asset Management Inc. $APAM

Inceptionr LLC purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,737 shares of the asset manager’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds also recently made changes to their positions in APAM. Sei Investments Co. increased its holdings in shares of Artisan Partners Asset Management by 33.0% in the first quarter. Sei Investments Co. now owns 144,778 shares of the asset manager’s stock worth $5,268,000 after acquiring an additional 35,963 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Artisan Partners Asset Management by 6.3% during the 1st quarter. Cetera Investment Advisers now owns 35,917 shares of the asset manager’s stock valued at $1,307,000 after purchasing an additional 2,130 shares in the last quarter. WealthCollab LLC grew its position in shares of Artisan Partners Asset Management by 21.9% in the 1st quarter. WealthCollab LLC now owns 2,072 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 372 shares during the period. First Trust Advisors LP increased its stake in Artisan Partners Asset Management by 97.3% during the 1st quarter. First Trust Advisors LP now owns 152,925 shares of the asset manager’s stock worth $5,565,000 after purchasing an additional 75,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Artisan Partners Asset Management by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,380 shares of the asset manager’s stock worth $60,782,000 after purchasing an additional 30,863 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APAM shares. The Goldman Sachs Group dropped their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Evercore set a $36.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, July 10th. Royal Bank Of Canada increased their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $39.25.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $39.30 on Friday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 9.95 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $36.66 and its two-hundred day moving average price is $38.66. Artisan Partners Asset Management Inc. has a 1 year low of $33.96 and a 1 year high of $48.46.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.89 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 annualized dividend and a yield of 7.8%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 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.