Morningstar Investment Management LLC Buys 53,507 Shares of Artisan Partners Asset Management Inc. $APAM

Morningstar Investment Management LLC raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 152.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,669 shares of the asset manager’s stock after purchasing an additional 53,507 shares during the quarter. Morningstar Investment Management LLC’s holdings in Artisan Partners Asset Management were worth $3,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at about $32,000. Triumph Capital Management increased its stake in shares of 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 purchasing an additional 450 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth approximately $37,000. IFP Advisors Inc increased its position in 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at $51,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 2.0%

Shares of NYSE APAM opened at $39.30 on Friday. Artisan Partners Asset Management Inc. has a 12 month low of $33.96 and a 12 month high of $48.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.95 and a beta of 1.68. The business has a 50-day moving average of $36.66 and a 200-day moving average of $38.66.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company had revenue of $303.01 million during 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.89 earnings per share for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on APAM shares. Wall Street Zen downgraded 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 research note on Friday, July 10th. Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Finally, 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 for the company in a research note on Tuesday, April 7th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target 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.