Capital World Investors Has $36.61 Million Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Capital World Investors reduced its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 37.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 843,448 shares of the asset manager’s stock after selling 499,389 shares during the quarter. Capital World Investors’ holdings in Artisan Partners Asset Management were worth $36,606,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth $27,000. Chilton Capital Management LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter worth $28,000. Plato Investment Management Ltd acquired a new stake in Artisan Partners Asset Management in the third quarter valued at $43,000. Carolina Wealth Advisors LLC acquired a new stake in Artisan Partners Asset Management in the third quarter valued at $55,000. Finally, Smartleaf Asset Management LLC raised its position in Artisan Partners Asset Management by 31.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

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

Artisan Partners Asset Management Stock Down 3.4%

Shares of NYSE APAM opened at $35.05 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.82 billion, a PE ratio of 8.74 and a beta of 1.77. The company’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $43.09. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The firm had revenue of $335.51 million during the quarter, compared to the consensus estimate of $322.13 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.57 dividend. The ex-dividend date 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 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.