World Investment Advisors Purchases Shares of 7,369 Artisan Partners Asset Management Inc. $APAM

World Investment Advisors 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 institutional investor acquired 7,369 shares of the asset manager’s stock, valued at approximately $327,000.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after acquiring an additional 249 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in Artisan Partners Asset Management by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after purchasing an additional 251 shares in the last quarter. Guinness Asset Management LTD increased its position in shares of Artisan Partners Asset Management by 2.4% during the 2nd quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock worth $484,000 after purchasing an additional 253 shares during the last quarter. Salvus Wealth Management LLC increased its position in shares of Artisan Partners Asset Management by 5.0% during the 2nd quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock worth $246,000 after purchasing an additional 263 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 1.0% during the 2nd quarter. Yousif Capital Management LLC now owns 26,077 shares of the asset manager’s stock worth $1,156,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on APAM shares. Royal Bank Of Canada raised 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. Zacks Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Evercore ISI boosted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, October 14th. Finally, TD Cowen reduced their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Artisan Partners Asset Management Trading Up 0.2%

Shares of NYSE:APAM opened at $43.76 on Tuesday. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54. The business has a 50 day moving average of $44.71 and a 200-day moving average of $43.76. The company has a quick ratio of 0.97, a current ratio of 0.75 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.53 billion, a PE ratio of 11.96 and a beta of 1.74.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.14% and a net margin of 22.90%.The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $300.90 million. During the same period last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 dividend on an annualized basis and a dividend yield of 8.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 79.78%.

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.