Guggenheim Capital LLC Raises Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Guggenheim Capital LLC increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,644 shares of the asset manager’s stock after buying an additional 1,202 shares during the period. Guggenheim Capital LLC’s holdings in Artisan Partners Asset Management were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. Acadian Asset Management LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth about $29,000. Geneos Wealth Management Inc. increased its position in shares of Artisan Partners Asset Management by 95.3% in the 1st 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 last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth about $36,000. Finally, Lazard Asset Management LLC increased its position in shares of Artisan Partners Asset Management by 267.2% in the 1st 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 last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 9,790 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $36.11, for a total transaction of $353,516.90. Following the sale, the executive vice president now directly owns 15,568 shares in the company, valued at approximately $562,160.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APAM shares. Keefe, Bruyette & Woods boosted their target price on shares of Artisan Partners Asset Management from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Royal Bank of Canada lifted their price target on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. The Goldman Sachs Group lowered shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating and decreased their price target for the company from $33.00 to $27.00 in a report on Monday, March 6th. Finally, Credit Suisse Group lifted their price target on shares of Artisan Partners Asset Management from $29.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.08.

Artisan Partners Asset Management Trading Down 4.1 %

Artisan Partners Asset Management stock opened at $30.15 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $34.43 and a two-hundred day moving average price of $32.34. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.29 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 52-week low of $25.67 and a 52-week high of $40.68.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last posted its earnings results on Wednesday, February 1st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $226.00 million during the quarter, compared to analyst estimates of $222.60 million. Artisan Partners Asset Management had a net margin of 20.82% and a return on equity of 96.97%. Artisan Partners Asset Management’s revenue was down 28.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. Sell-side analysts expect that Artisan Partners Asset Management Inc. will post 2.57 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 11.94%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, February 13th. Artisan Partners Asset Management’s payout ratio is presently 75.09%.

Artisan Partners Asset Management Company Profile

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Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.