Inceptionr LLC Acquires Shares of 14,737 Artisan Partners Asset Management Inc. $APAM

Inceptionr LLC bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the first quarter, HoldingsChannel.com reports. The firm bought 14,737 shares of the asset manager’s stock, valued at approximately $536,000.

Several other hedge funds also recently made changes to their positions in APAM. Eagle Bay Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $32,000. Triumph Capital Management increased its stake in Artisan Partners Asset Management by 112.5% during the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after acquiring an additional 450 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $37,000. IFP Advisors Inc raised its holdings in Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 300 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $51,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $39.30 on Friday. Artisan Partners Asset Management Inc. has a fifty-two week low of $33.96 and a fifty-two week high of $48.46. 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 $3.17 billion, a P/E ratio of 9.95 and a beta of 1.68. The company’s 50 day moving average price is $36.66 and its two-hundred day moving average price is $38.66.

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

Artisan Partners Asset Management Dividend Announcement

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

Analysts Set New Price Targets

APAM has been the topic of several analyst reports. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. 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 note on Tuesday, April 7th. Evercore set a $36.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Finally, 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. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $39.25.

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.