Isthmus Partners LLC Increases Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Isthmus Partners LLC boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 91,072 shares of the asset manager’s stock after acquiring an additional 16,028 shares during the quarter. Isthmus Partners LLC’s holdings in Artisan Partners Asset Management were worth $3,314,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in APAM. R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management in the first quarter valued at about $229,000. Burney Co. raised its position in shares of Artisan Partners Asset Management by 15.8% during the 1st quarter. Burney Co. now owns 22,904 shares of the asset manager’s stock worth $833,000 after purchasing an additional 3,129 shares during the last quarter. DGS Capital Management LLC lifted its stake in Artisan Partners Asset Management by 20.9% in the 1st quarter. DGS Capital Management LLC now owns 39,243 shares of the asset manager’s stock valued at $1,428,000 after buying an additional 6,776 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Artisan Partners Asset Management in the 1st quarter worth about $448,000. Finally, Moran Wealth Management LLC boosted its holdings in Artisan Partners Asset Management by 26.1% in the 1st quarter. Moran Wealth Management LLC now owns 50,515 shares of the asset manager’s stock worth $1,838,000 after buying an additional 10,448 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on APAM. Royal Bank Of Canada reduced their target price 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. Evercore set a $39.00 price target on Artisan Partners Asset Management in a research note on Monday, June 8th. The Goldman Sachs Group dropped their price target on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, April 7th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and a consensus target price of $39.75.

Artisan Partners Asset Management Stock Down 0.9%

Shares of NYSE APAM opened at $35.72 on Thursday. Artisan Partners Asset Management Inc. has a 12-month low of $33.96 and a 12-month high of $48.50. The stock has a market cap of $2.88 billion, a PE ratio of 9.04 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 company has a 50-day moving average of $36.43 and a 200 day moving average of $38.90.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The business had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 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.