Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 804,492 shares of the asset manager’s stock after purchasing an additional 2,272 shares during the quarter. Bank of New York Mellon Corp owned about 1.01% of Artisan Partners Asset Management worth $25,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,439,054 shares of the asset manager’s stock valued at $173,404,000 after purchasing an additional 92,289 shares in the last quarter. BlackRock Inc. boosted its stake in Artisan Partners Asset Management by 1.1% during the 1st quarter. BlackRock Inc. now owns 5,092,524 shares of the asset manager’s stock valued at $200,390,000 after purchasing an additional 57,485 shares in the last quarter. Morgan Stanley boosted its stake in Artisan Partners Asset Management by 138.0% during the 4th quarter. Morgan Stanley now owns 1,817,495 shares of the asset manager’s stock valued at $53,980,000 after purchasing an additional 1,053,748 shares in the last quarter. Channing Capital Management LLC boosted its stake in Artisan Partners Asset Management by 10.5% during the 1st quarter. Channing Capital Management LLC now owns 1,743,478 shares of the asset manager’s stock valued at $55,756,000 after purchasing an additional 165,028 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Artisan Partners Asset Management by 2.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,551,751 shares of the asset manager’s stock valued at $49,625,000 after purchasing an additional 30,611 shares in the last quarter. 72.28% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $37.31 on Friday. The stock has a market cap of $2.74 billion, a PE ratio of 12.91 and a beta of 1.84. The business has a fifty day simple moving average of $39.21 and a 200-day simple moving average of $35.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.65. Artisan Partners Asset Management Inc. has a 12 month low of $25.67 and a 12 month high of $42.97.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Wednesday, August 2nd. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $242.90 million during the quarter, compared to analysts’ expectations of $245.55 million. Artisan Partners Asset Management had a return on equity of 77.65% and a net margin of 21.49%. Artisan Partners Asset Management’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. On average, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 2.93 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Wednesday, August 16th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.50. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 84.43%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Artisan Partners Asset Management from $40.00 to $45.00 in a research note on Friday, July 21st. StockNews.com assumed coverage on Artisan Partners Asset Management in a research note on Thursday, August 17th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.

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.