Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Artisan Partners Asset (NYSE:APAM) by 504.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,631 shares of the asset manager’s stock after purchasing an additional 10,541 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Artisan Partners Asset were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in APAM. Channing Capital Management LLC grew its holdings in shares of Artisan Partners Asset by 16.2% during the fourth quarter. Channing Capital Management LLC now owns 2,033,289 shares of the asset manager’s stock worth $80,315,000 after purchasing an additional 284,025 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Artisan Partners Asset by 7.6% in the first quarter. Wells Fargo & Company MN now owns 2,333,873 shares of the asset manager’s stock valued at $77,719,000 after acquiring an additional 164,698 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Artisan Partners Asset by 45.0% in the fourth quarter. Renaissance Technologies LLC now owns 311,407 shares of the asset manager’s stock valued at $12,301,000 after acquiring an additional 96,607 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in Artisan Partners Asset by 3.9% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,472,096 shares of the asset manager’s stock valued at $97,648,000 after acquiring an additional 92,895 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Artisan Partners Asset by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 579,136 shares of the asset manager’s stock valued at $22,875,000 after acquiring an additional 90,201 shares during the last quarter. Institutional investors own 64.28% of the company’s stock.
Shares of APAM stock opened at $32.70 on Friday. Artisan Partners Asset has a one year low of $27.40 and a one year high of $41.45. The company has a market capitalization of $2.52 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.84 and a beta of 1.74. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01.
Artisan Partners Asset (NYSE:APAM) last issued its quarterly earnings results on Tuesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Artisan Partners Asset had a return on equity of 160.18% and a net margin of 8.63%. The firm had revenue of $212.00 million for the quarter, compared to analyst estimates of $211.75 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. sell-side analysts anticipate that Artisan Partners Asset will post 3.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.34%. The ex-dividend date is Wednesday, May 16th. Artisan Partners Asset’s dividend payout ratio (DPR) is presently 99.59%.
Several brokerages recently commented on APAM. Royal Bank of Canada set a $46.00 target price on Artisan Partners Asset and gave the company a “buy” rating in a report on Wednesday, February 7th. Bank of America reduced their target price on Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating on the stock in a report on Thursday, February 8th. Zacks Investment Research cut Artisan Partners Asset from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, TheStreet cut Artisan Partners Asset from a “b-” rating to a “c+” rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.60.
Artisan Partners Asset 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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