Diversified Management Inc. Invests $1.47 Million in Artisan Partners Asset Management Inc. $APAM

Diversified Management Inc. acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 35,980 shares of the asset manager’s stock, valued at approximately $1,466,000.

Several other institutional investors have also recently bought and sold shares of APAM. Foster Dykema Cabot & Partners LLC bought a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $27,000. Chilton Capital Management LLC bought a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in Artisan Partners Asset Management during the 4th quarter worth $32,000. Community Bank N.A. acquired a new stake in Artisan Partners Asset Management during the 3rd quarter worth $33,000. Finally, IFP Advisors Inc grew its holdings in Artisan Partners Asset Management by 45.8% during the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after acquiring an additional 300 shares during the period. Institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

APAM has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Evercore set a $37.00 target price on shares of Artisan Partners Asset Management in a report on Friday, April 10th. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Finally, The Goldman Sachs Group lowered their target price on shares of 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. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.60.

Artisan Partners Asset Management Trading Down 0.7%

Shares of NYSE:APAM opened at $37.58 on Thursday. Artisan Partners Asset Management Inc. has a 12 month low of $33.88 and a 12 month high of $48.50. 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 company’s fifty day simple moving average is $38.74 and its 200 day simple moving average is $41.45. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 9.37 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $335.51 million for the quarter, compared to analyst estimates of $322.13 million. During the same period last year, the business posted $1.05 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS 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 paid 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 (DPR) is currently 100.75%.

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.