Victory Capital Management Inc. boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 977,968 shares of the asset manager's stock after acquiring an additional 69,488 shares during the period. Victory Capital Management Inc. owned 1.24% of Artisan Partners Asset Management worth $34,787,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in APAM. HM Payson & Co. purchased a new stake in Artisan Partners Asset Management in the 1st quarter valued at approximately $25,000. Acadian Asset Management LLC purchased a new stake in Artisan Partners Asset Management in the 1st quarter valued at approximately $26,000. Signaturefd LLC boosted its stake in shares of Artisan Partners Asset Management by 145.6% during the 1st quarter. Signaturefd LLC now owns 813 shares of the asset manager's stock worth $32,000 after acquiring an additional 482 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Artisan Partners Asset Management by 95.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager's stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 80.86% of the company's stock.
Get Artisan Partners Asset Management alerts:Artisan Partners Asset Management Trading Up 2.8 %
Shares of APAM opened at $26.71 on Friday. The stock has a fifty day moving average of $31.29 and a two-hundred day moving average of $34.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $2.13 billion, a PE ratio of 6.56 and a beta of 1.75. Artisan Partners Asset Management Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $52.42.
Artisan Partners Asset Management (NYSE:APAM – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). The business had revenue of $251.40 million during the quarter, compared to analyst estimates of $264.51 million. Artisan Partners Asset Management had a net margin of 24.10% and a return on equity of 131.59%. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, analysts forecast that Artisan Partners Asset Management Inc. will post 3.13 EPS for the current year.Artisan Partners Asset Management Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were issued a $0.60 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $2.40 annualized dividend and a yield of 8.99%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 58.97%.
Analysts Set New Price Targets
APAM has been the topic of several research analyst reports. TheStreet lowered Artisan Partners Asset Management from a "b-" rating to a "c+" rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a "market perform" rating in a research note on Tuesday, June 28th. The Goldman Sachs Group decreased their price target on Artisan Partners Asset Management from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, October 3rd. Evercore ISI upped their target price on Artisan Partners Asset Management to $35.00 in a research note on Tuesday, August 9th. Finally, Credit Suisse Group began coverage on Artisan Partners Asset Management in a research note on Tuesday, October 18th. They issued a "neutral" rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.08.
Artisan Partners Asset Management Profile
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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.
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