QRG Capital Management Inc. Has $1.94 Million Stock Position in Artisan Partners Asset Management Inc. $APAM

QRG Capital Management Inc. grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,800 shares of the asset manager’s stock after buying an additional 5,530 shares during the quarter. QRG Capital Management Inc.’s holdings in Artisan Partners Asset Management were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Artisan Partners Asset Management by 12.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager’s stock valued at $2,234,000 after buying an additional 6,508 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Artisan Partners Asset Management in the first quarter valued at $275,000. Drake & Associates LLC grew its stake in shares of Artisan Partners Asset Management by 31.0% in the first quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager’s stock valued at $1,571,000 after buying an additional 9,518 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Artisan Partners Asset Management by 2.3% in the first quarter. Principal Financial Group Inc. now owns 349,308 shares of the asset manager’s stock valued at $13,658,000 after buying an additional 7,972 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its position in Artisan Partners Asset Management by 7.6% during the first quarter. Twelve Points Wealth Management LLC now owns 77,190 shares of the asset manager’s stock worth $3,018,000 after purchasing an additional 5,478 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Down 0.1%

APAM stock opened at $43.49 on Wednesday. The company has a market cap of $3.51 billion, a PE ratio of 11.57 and a beta of 1.72. The business has a 50-day simple moving average of $45.67 and a 200 day simple moving average of $42.83. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $282.80 million during the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.Artisan Partners Asset Management’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 6.7%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management’s payout ratio is presently 77.66%.

Wall Street Analyst Weigh In

A number of research firms have commented on APAM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Artisan Partners Asset Management in a research report on Saturday, September 27th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. TD Cowen reduced their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 15th. Evercore ISI lifted their price objective on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Friday, September 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.50.

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.