Verition Fund Management LLC Has $2.36 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Verition Fund Management LLC grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) by 464.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,850 shares of the asset manager’s stock after buying an additional 49,240 shares during the period. Verition Fund Management LLC owned 0.08% of Artisan Partners Asset Management worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new stake in shares of Artisan Partners Asset Management in the first quarter valued at about $25,000. Acadian Asset Management LLC acquired a new stake in shares of Artisan Partners Asset Management in the first quarter valued at about $26,000. Signaturefd LLC grew its stake in Artisan Partners Asset Management by 145.6% during the first quarter. Signaturefd LLC now owns 813 shares of the asset manager’s stock worth $32,000 after purchasing an additional 482 shares during the period. Geneos Wealth Management Inc. grew its stake in Artisan Partners Asset Management by 95.3% during the first quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager’s stock worth $33,000 after purchasing an additional 410 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Artisan Partners Asset Management by 267.2% during the first quarter. Lazard Asset Management LLC now owns 929 shares of the asset manager’s stock worth $36,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 80.86% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.5 %

Shares of NYSE:APAM opened at $31.84 on Friday. The business’s 50 day simple moving average is $36.05 and its two-hundred day simple moving average is $36.46. The firm has a market cap of $2.54 billion, a P/E ratio of 7.82 and a beta of 1.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.58 and a current ratio of 0.58. Artisan Partners Asset Management Inc. has a 52-week low of $31.23 and a 52-week high of $52.42.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.05). Artisan Partners Asset Management had a return on equity of 131.59% and a net margin of 24.10%. The firm had revenue of $251.40 million during the quarter, compared to the consensus estimate of $264.51 million. During the same quarter in the previous year, the company posted $1.28 EPS. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.17 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.54%. Artisan Partners Asset Management’s dividend payout ratio is presently 58.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI raised their target price on Artisan Partners Asset Management to $35.00 in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods raised their target price 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. Finally, The Goldman Sachs Group decreased their target price on Artisan Partners Asset Management from $33.50 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Artisan Partners Asset Management Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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