nVerses Capital LLC Purchases New Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

nVerses Capital LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,500 shares of the asset manager’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds also recently bought and sold shares of APAM. Vaughan Nelson Investment Management L.P. increased its stake in shares of Artisan Partners Asset Management by 42.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock worth $60,965,000 after acquiring an additional 397,424 shares during the last quarter. Wasatch Advisors LP increased its position in Artisan Partners Asset Management by 25.2% in the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $9,907,000. Edgestream Partners L.P. purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $7,287,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $4,531,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 2.5 %

Shares of APAM stock opened at $40.57 on Wednesday. Artisan Partners Asset Management Inc. has a 12 month low of $32.12 and a 12 month high of $46.75. The company has a market cap of $3.26 billion, a PE ratio of 12.37 and a beta of 1.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $41.09 and its two-hundred day moving average is $42.58.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The firm had revenue of $270.80 million during the quarter, compared to analyst estimates of $274.70 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.00%. Artisan Partners Asset Management’s payout ratio is 86.59%.

Analyst Ratings Changes

APAM has been the topic of several recent research reports. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Finally, TD Cowen upped their price objective on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

About Artisan Partners Asset Management

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.