Janus Henderson Group PLC Sells 236,104 Shares of Artisan Partners Asset Management Inc. $APAM

Janus Henderson Group PLC lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,142 shares of the asset manager’s stock after selling 236,104 shares during the period. Janus Henderson Group PLC’s holdings in Artisan Partners Asset Management were worth $3,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $32,000. Triumph Capital Management increased its holdings in shares of Artisan Partners Asset Management by 112.5% in the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of Artisan Partners Asset Management in the fourth quarter worth $37,000. IFP Advisors Inc raised its position in shares of Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after buying an additional 300 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $51,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

APAM opened at $42.65 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.46 billion, a P/E ratio of 10.35 and a beta of 1.67. The stock has a 50-day moving average price of $37.49 and a 200-day moving average price of $38.51. Artisan Partners Asset Management Inc. has a 12-month low of $33.96 and a 12-month high of $48.46.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $307.91 million for the quarter, compared to analysts’ expectations of $301.32 million. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.Artisan Partners Asset Management’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. Equities analysts predict that Artisan Partners Asset Management Inc. will post 3.91 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, August 17th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.76%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APAM. Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a report on Friday, July 10th. Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Zacks Research lowered shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $38.00.

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.