Janus Henderson Group PLC Decreases Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Janus Henderson Group PLC lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,402 shares of the asset manager’s stock after selling 123,533 shares during the quarter. Janus Henderson Group PLC owned 0.55% of Artisan Partners Asset Management worth $20,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Artisan Partners Asset Management by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock valued at $347,856,000 after acquiring an additional 75,304 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Artisan Partners Asset Management by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,934,002 shares of the asset manager’s stock valued at $85,444,000 after acquiring an additional 12,977 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Artisan Partners Asset Management by 25.2% during the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 42.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock valued at $60,965,000 after purchasing an additional 397,424 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Artisan Partners Asset Management by 11.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock valued at $18,314,000 after purchasing an additional 42,522 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APAM has been the topic of several recent analyst reports. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. TD Cowen upped their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a report on Monday.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $44.17 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.55 billion, a PE ratio of 13.47 and a beta of 1.81. The company’s fifty day simple moving average is $42.03 and its 200-day simple moving average is $42.85. Artisan Partners Asset Management Inc. has a 52 week low of $32.12 and a 52 week high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The firm had revenue of $270.80 million for the quarter, compared to analyst estimates of $274.70 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.71 dividend. The ex-dividend date is Friday, August 16th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a yield of 6.43%. Artisan Partners Asset Management’s dividend payout ratio is currently 86.59%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.