Asset Management One Co. Ltd. Sells 845 Shares of Artisan Partners Asset Management Inc. $APAM

Asset Management One Co. Ltd. lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,876 shares of the asset manager’s stock after selling 845 shares during the period. Asset Management One Co. Ltd.’s holdings in Artisan Partners Asset Management were worth $1,280,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in Artisan Partners Asset Management in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC raised its position in shares of Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after buying an additional 249 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at approximately $75,000. CWM LLC raised its position in shares of Artisan Partners Asset Management by 77.0% in the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock valued at $83,000 after buying an additional 925 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $137,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

APAM stock opened at $43.49 on Thursday. 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. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.88 and a beta of 1.72. The company has a 50 day simple moving average of $44.85 and a 200 day simple moving average of $43.52.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 73.41%. The firm had revenue of $301.30 million for the quarter, compared to analyst estimates of $300.90 million. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 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 Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s payout ratio is presently 77.66%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted 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 report on Thursday, July 31st. Evercore ISI dropped their target price on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Tuesday, October 14th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, TD Cowen lowered their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.00.

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.