Artisan Partners Asset Management Inc. $APAM Shares Purchased by MQS Management LLC

MQS Management LLC raised its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,447 shares of the asset manager’s stock after acquiring an additional 368 shares during the quarter. MQS Management LLC’s holdings in Artisan Partners Asset Management were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter worth about $33,000. Farther Finance Advisors LLC boosted its position in shares of Artisan Partners Asset Management by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after acquiring an additional 249 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter worth about $75,000. CWM LLC boosted its position in shares of Artisan Partners Asset Management by 77.0% during the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock worth $83,000 after acquiring an additional 925 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter worth about $137,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 0.5%

APAM opened at $43.48 on Monday. The business has a 50 day moving average price of $44.94 and a two-hundred day moving average price of $43.35. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.51 billion, a PE ratio of 11.56 and a beta of 1.72. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm 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%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.7%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.66%.

Wall Street Analyst Weigh In

APAM has been the subject of several analyst reports. Evercore ISI lowered their price objective on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, October 9th. Royal Bank Of Canada boosted their target price on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. TD Cowen reduced their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a report on Monday, September 15th. Finally, Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and a consensus price target of $44.00.

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.