Artisan Partners Asset Management Inc. $APAM Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 7.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,082 shares of the asset manager’s stock after purchasing an additional 1,314 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Artisan Partners Asset Management were worth $802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey increased its stake in Artisan Partners Asset Management by 8.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,541 shares of the asset manager’s stock worth $645,000 after buying an additional 1,130 shares during the period. Geode Capital Management LLC grew its stake in shares of Artisan Partners Asset Management by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,889,436 shares of the asset manager’s stock worth $83,768,000 after acquiring an additional 25,426 shares in the last quarter. Allworth Financial LP increased its position in shares of Artisan Partners Asset Management by 3,323.3% during the second quarter. Allworth Financial LP now owns 2,499 shares of the asset manager’s stock worth $111,000 after acquiring an additional 2,426 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Artisan Partners Asset Management by 7,994.4% during the second quarter. Parkside Financial Bank & Trust now owns 2,914 shares of the asset manager’s stock worth $129,000 after acquiring an additional 2,878 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of Artisan Partners Asset Management by 8.4% in the second quarter. AE Wealth Management LLC now owns 5,840 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APAM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Artisan Partners Asset Management in a research note on Monday, November 17th. Evercore ISI upped their target price 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. TD Cowen reduced their target price on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Zacks Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $41.14 on Tuesday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.24 and a beta of 1.74. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $43.62 and a 200 day moving average price of $44.31.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data 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 72.15%. The company had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 8.6%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is presently 96.17%.

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.