Allianz Asset Management GmbH Trims Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Allianz Asset Management GmbH lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,244 shares of the asset manager’s stock after selling 57,168 shares during the quarter. Allianz Asset Management GmbH’s holdings in Artisan Partners Asset Management were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Artisan Partners Asset Management by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager’s stock valued at $114,976,000 after buying an additional 167,930 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 25.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock valued at $109,233,000 after buying an additional 493,300 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Artisan Partners Asset Management by 3.3% in the first quarter. Victory Capital Management Inc. now owns 1,228,743 shares of the asset manager’s stock valued at $48,044,000 after buying an additional 39,578 shares during the last quarter. Royce & Associates LP lifted its stake in Artisan Partners Asset Management by 3.0% in the first quarter. Royce & Associates LP now owns 1,066,936 shares of the asset manager’s stock valued at $41,717,000 after buying an additional 31,211 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Artisan Partners Asset Management by 36.0% in the first quarter. Invesco Ltd. now owns 621,491 shares of the asset manager’s stock valued at $24,300,000 after buying an additional 164,612 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of research reports. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, October 14th. TD Cowen cut their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Royal Bank Of Canada upped their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Evercore ISI cut their price target on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Trading Up 0.5%

NYSE:APAM opened at $43.48 on Monday. The stock has a fifty day moving average price of $44.94 and a two-hundred day moving average price of $43.35. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.56 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.Artisan Partners Asset Management’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.73 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 6.7%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.66%.

Artisan Partners Asset Management 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.