Tudor Investment Corp ET AL Takes Position in Artisan Partners Asset Management Inc. $APAM

by · The Markets Daily

Tudor Investment Corp ET AL acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 84,170 shares of the asset manager’s stock, valued at approximately $3,653,000.

Other institutional investors also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $27,000. Chilton Capital Management LLC purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $28,000. Community Bank N.A. purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $33,000. IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 300 shares in the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APAM. The Goldman Sachs Group cut their price objective 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. Royal Bank Of Canada cut their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and an average target price of $42.00.

View Our Latest Stock Report on Artisan Partners Asset Management

Artisan Partners Asset Management Trading Up 0.7%

Shares of APAM opened at $37.05 on Friday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 9.24 and a beta of 1.76. 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 firm has a fifty day simple moving average of $39.34 and a two-hundred day simple moving average of $41.67. Artisan Partners Asset Management Inc. has a twelve month low of $33.63 and a twelve month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $335.51 million during the quarter, compared to analysts’ expectations of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. On average, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current 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 given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio is presently 100.75%.

Artisan Partners Asset Management Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding APAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report).