Hsbc Holdings PLC Sells 143,132 Shares of Artisan Partners Asset Management Inc. $APAM

Hsbc Holdings PLC decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 95.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,598 shares of the asset manager’s stock after selling 143,132 shares during the period. Hsbc Holdings PLC’s holdings in Artisan Partners Asset Management were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Artisan Partners Asset Management by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager’s stock valued at $114,976,000 after purchasing an additional 167,930 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Artisan Partners Asset Management by 24.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager’s stock valued at $77,057,000 after purchasing an additional 381,210 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Artisan Partners Asset Management by 3.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,228,743 shares of the asset manager’s stock valued at $48,044,000 after purchasing an additional 39,578 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Artisan Partners Asset Management by 3.0% during the 1st quarter. Royce & Associates LP now owns 1,066,936 shares of the asset manager’s stock valued at $41,717,000 after purchasing an additional 31,211 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Artisan Partners Asset Management by 2.3% during the 4th quarter. Northern Trust Corp now owns 903,986 shares of the asset manager’s stock valued at $38,917,000 after purchasing an additional 20,456 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APAM. Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. Wall Street Zen raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada lifted their target price on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.30.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM opened at $45.94 on Thursday. The business has a fifty day moving average price of $46.28 and a 200-day moving average price of $42.27. The company has a market capitalization of $3.71 billion, a PE ratio of 12.22 and a beta of 1.71. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.97.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.73 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, August 15th. Artisan Partners Asset Management’s payout ratio is currently 77.66%.

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.