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Post by chang on Jun 8, 2023 14:13:23 GMT
Artisan Partners Asset Management - just noticed they pay a 6.4% dividend. I don’t own any of their funds now, but I have once or twice in the past. I always thought they were generally good, though generally expensive. They have a history of hiring gifted managers away from other companies. They have what I think is a good model, of using separate teams to manage one or a few funds with a common, coherent strategy.
They seem financially healthy, with a stratospheric ROE. I’m not sure why their debt/equity ratio is above average, considering how profitable they seem to be.
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APAM
Jun 8, 2023 21:52:45 GMT
chang likes this
Post by anitya on Jun 8, 2023 21:52:45 GMT
chang, I traded this a couple of times to see if I can make this a permanent position. Conclusion was it is a good stock to trade but not a long term hold for me. Dividends are variable depending on the economic cycle (i.e., company AUM). I think they release AUM and proforma financials every month so we can see how the business is doing. "They have what I think is a good model, of using separate teams to manage one or a few funds with a common, coherent strategy." You may be aware that they have a highly decentralized model (different funds are managed from different cities depending on where the manager is located) as such they do not have a CIO - Chief Investment Officer. Each manager is also the default CIO (for his fund). Which is a good and bad if you own APAM stock, limiting both upside and downside for the stock.
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APAM
Jun 9, 2023 3:45:30 GMT
chang likes this
Post by roi2020 on Jun 9, 2023 3:45:30 GMT
I agree with your assessment of Artisan Partners as an investment advisor. I don't know whether or not APAM stock may be a worthwhile investment.
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