Punch & Associates Investment Management Inc. Grows Position in Artisan Partners Asset Management Inc. $APAM

Punch & Associates Investment Management Inc. raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 25.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 551,336 shares of the asset manager’s stock after acquiring an additional 113,491 shares during the period. Artisan Partners Asset Management makes up approximately 1.2% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 28th largest position. Punch & Associates Investment Management Inc.’s holdings in Artisan Partners Asset Management were worth $20,063,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of APAM. Entropy Technologies LP increased its position in Artisan Partners Asset Management by 137.2% during the first quarter. Entropy Technologies LP now owns 31,681 shares of the asset manager’s stock worth $1,153,000 after purchasing an additional 18,322 shares during the last quarter. Morningstar Investment Management LLC raised its stake in Artisan Partners Asset Management by 152.2% during the first quarter. Morningstar Investment Management LLC now owns 88,669 shares of the asset manager’s stock worth $3,227,000 after purchasing an additional 53,507 shares during the period. Inceptionr LLC acquired a new position in Artisan Partners Asset Management in the 1st quarter valued at about $536,000. Sei Investments Co. boosted its holdings in Artisan Partners Asset Management by 33.0% in the 1st quarter. Sei Investments Co. now owns 144,778 shares of the asset manager’s stock valued at $5,268,000 after purchasing an additional 35,963 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Artisan Partners Asset Management by 6.3% in the 1st quarter. Cetera Investment Advisers now owns 35,917 shares of the asset manager’s stock valued at $1,307,000 after buying an additional 2,130 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APAM. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. Wall Street Zen cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Zacks Research lowered Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Evercore set a $36.00 target price on Artisan Partners Asset Management in a research note on Friday, July 10th. Finally, Royal Bank Of Canada lifted their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management currently has an average rating of “Reduce” and an average target price of $39.25.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $39.30 on Friday. The business has a 50-day simple moving average of $36.66 and a 200-day simple moving average of $38.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. Artisan Partners Asset Management Inc. has a one year low of $33.96 and a one year high of $48.46. The company has a market cap of $3.17 billion, a PE ratio of 9.95 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data 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 firm had revenue of $303.01 million during the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. Artisan Partners Asset Management’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.89 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s payout ratio is 77.97%.

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.