Capital World Investors Has $37.10 Million Position in Artisan Partners Asset Management Inc. $APAM

Capital World Investors grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 910,522 shares of the asset manager’s stock after purchasing an additional 67,074 shares during the quarter. Capital World Investors’ holdings in Artisan Partners Asset Management were worth $37,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in APAM. Vanguard Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after purchasing an additional 52,644 shares during the last quarter. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 0.4% during the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after purchasing an additional 12,356 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Artisan Partners Asset Management by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,625,936 shares of the asset manager’s stock valued at $70,566,000 after purchasing an additional 16,437 shares during the last quarter. Wasatch Advisors LP grew its holdings in Artisan Partners Asset Management by 15.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,573,381 shares of the asset manager’s stock worth $68,285,000 after acquiring an additional 205,380 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Artisan Partners Asset Management by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,502,287 shares of the asset manager’s stock worth $65,199,000 after acquiring an additional 22,790 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 equities research analysts have weighed in on the stock. 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. The Goldman Sachs Group reduced their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada reduced their target price on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. 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. Finally, TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Trading Up 1.4%

APAM opened at $35.27 on Wednesday. Artisan Partners Asset Management Inc. has a fifty-two week low of $34.78 and a fifty-two week 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 firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.93 and a beta of 1.67. The company’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $39.80.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) 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 return on equity of 72.99% and a net margin of 23.49%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. As a group, research analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current year.

Artisan Partners Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.77 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.7%. Artisan Partners Asset Management’s payout ratio is 77.97%.

About Artisan Partners Asset Management

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.