Fisher Asset Management LLC Raises Stock Position in Artisan Partners Asset Management Inc. $APAM

Fisher Asset Management LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,502,287 shares of the asset manager’s stock after acquiring an additional 22,790 shares during the period. Fisher Asset Management LLC owned about 1.86% of Artisan Partners Asset Management worth $65,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in APAM. Federated Hermes Inc. boosted its stake in Artisan Partners Asset Management by 132.1% in the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock worth $20,371,000 after purchasing an additional 267,136 shares during the period. Principal Financial Group Inc. raised its position in shares of Artisan Partners Asset Management by 18.5% during the third quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager’s stock valued at $17,941,000 after buying an additional 64,625 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth $1,613,000. Ruffer LLP purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth $3,041,000. Finally, Cresset Asset Management LLC bought a new position in shares of Artisan Partners Asset Management during the second quarter worth $2,041,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Up 0.4%

Shares of APAM opened at $40.45 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.26 billion, a P/E ratio of 10.09 and a beta of 1.77. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $48.50. The company’s fifty day simple moving average is $42.91 and its 200-day simple moving average is $43.52.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The firm had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $322.13 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts expect 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 dividend of $0.57 per share. The ex-dividend date was Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 100.75%.

Analysts Set New Price Targets

A number of analysts have issued reports on APAM shares. 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 on the stock in a report on Friday, February 6th. Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wall Street Zen raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Finally, TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.00.

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.