Bank of Montreal Can Invests Heavily in Artisan Partners Asset Management

Reported 40.2% increase in stake in APAM shares
Owns 15,646 shares of the asset manager’s stock
$674,000 valuation

Bank of Montreal Can, a significant investor in the financial sector, has significantly increased its stake in Artisan Partners Asset Management Inc. (APAM) in the fourth quarter, as revealed by the latest filing with the SEC. The financial institution now holds 15,646 shares of the asset manager’s stock, representing a substantial 40.2% increase from the previous quarter. The value of these shares amounts to $674,000.

Other Institutional Investors Also Purchase Artisan Partners Shares

Larson Financial Group LLC boosted its holdings by 82.7%
EverSource Wealth Advisors LLC increased its position by 110.7%
Smartleaf Asset Management LLC grew its holdings by 166.8%

A number of other institutional investors have also recently made significant purchases of Artisan Partners shares. Larson Financial Group LLC has increased its holdings by 82.7%, EverSource Wealth Advisors LLC by 110.7%, and Smartleaf Asset Management LLC by 166.8%. These investors now collectively own 86.45% of the company’s stock.

Artisan Partners Asset Management’s Financial Performance

Financial Metrics	Value (in $ thousands)
Cash Ratio	0.56
Quick Ratio	0.73
Debt-to-Equity Ratio	0.47

Artisan Partners Asset Management has also seen significant improvements in its financial performance. The company has a current ratio of 0.56, a quick ratio of 0.73, and a debt-to-equity ratio of 0.47. Furthermore, the stock has a market cap of $2.81 billion, a P/E ratio of 9.63, and a beta of 1.80. The stock’s 50-day moving average price is $39.80 and its two-hundred day moving average price is $43.21.

Recent Earnings Data

Artisan Partners Asset Management Inc. last reported its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%.

The company has also recently released its quarterly earnings data, which has been met with positive reception. Artisan Partners Asset Management reported $1.05 EPS for the quarter, surpassing analysts’ expectations by $0.08. The company’s net margin is 23.36%, and its return on equity is 74.02%.

Dividend Cuts

Dividend yield of 5.71%
The business has also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Analyst Ratings Changes

TD Cowen lowered their price objective from $46.00 to $35.00 and set a “hold” rating
Royal Bank of Canada cut their target price from $53.00 to $51.00 and set an “outperform” rating

A number of analysts have recently issued reports on the company. TD Cowen has lowered their price objective from $46.00 to $35.00 and set a “hold” rating on the stock. Royal Bank of Canada has also cut their target price from $53.00 to $51.00 and set an “outperform” rating for the company. StockNews.com has downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating.

Profile and Holdings

Asset manager providing services to various clients
Owns 86.45% of the company’s stock

Artisan Partners Asset Management Inc. is a publicly owned investment manager that provides its services to a wide range of clients, including pension and profit-sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds, and non-U.S. funds, as well as mutual funds and collective trusts. The company owns 86.45% of the company’s stock, which is held by hedge funds and other institutional investors.

Market Analysis

50-day moving average price: $39.80
200-day moving average price: $43.21

The stock has seen significant fluctuations in its price, with the 50-day moving average price currently standing at $39.80 and the two-hundred day moving average price at $43.21. According to MarketBeat, the consensus rating on the stock is currently a “Hold” and the consensus target price is $39.63. One analyst has rated the stock with a sell rating, while three have assigned a hold rating and one has given a buy rating to the stock.