Crawford Investment Counsel Inc. Purchases 14,271 Shares of Artisan Partners Asset Management Inc. $APAM

Crawford Investment Counsel Inc. boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517,768 shares of the asset manager’s stock after purchasing an additional 14,271 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.64% of Artisan Partners Asset Management worth $21,094,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Foster Dykema Cabot & Partners LLC bought a new position in Artisan Partners Asset Management in the third quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in Artisan Partners Asset Management in the fourth quarter worth $32,000. Community Bank N.A. bought a new position in Artisan Partners Asset Management in the third quarter worth $33,000. Triumph Capital Management raised its holdings in Artisan Partners Asset Management by 112.5% in the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $36.47 on Wednesday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.23 and a beta of 1.67. Artisan Partners Asset Management Inc. has a 1-year low of $34.37 and a 1-year high of $48.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $37.04 and its 200-day moving average price is $39.61.

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

Artisan Partners Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.4%. Artisan Partners Asset Management’s dividend payout ratio is presently 77.97%.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Royal Bank Of Canada reduced their price target on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.75.

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.