Artisan Partners Asset Management (NYSE:APAM) Reaches New 52-Week High at $45.94

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.94 and last traded at $45.68, with a volume of 83159 shares trading hands. The stock had previously closed at $45.56.

Analyst Ratings Changes

Several equities analysts have recently commented on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th. TD Cowen assumed coverage on Artisan Partners Asset Management in a report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 target price for the company.

Artisan Partners Asset Management Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.66 billion, a P/E ratio of 14.42 and a beta of 1.85. The business’s 50 day moving average is $42.94 and its two-hundred day moving average is $40.01.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $249.00 million during the quarter, compared to the consensus estimate of $249.90 million. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, analysts anticipate that Artisan Partners Asset Management Inc. will post 3.31 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $1.02 dividend. The ex-dividend date was Wednesday, February 14th. This represents a yield of 5.5%. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 86.08%.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now directly owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in APAM. Stifel Financial Corp grew its holdings in Artisan Partners Asset Management by 28.1% during the third quarter. Stifel Financial Corp now owns 177,515 shares of the asset manager’s stock valued at $6,643,000 after purchasing an additional 38,951 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Artisan Partners Asset Management during the third quarter valued at approximately $1,208,000. Invesco Ltd. boosted its holdings in Artisan Partners Asset Management by 30.3% during the 3rd quarter. Invesco Ltd. now owns 361,111 shares of the asset manager’s stock valued at $13,513,000 after acquiring an additional 83,998 shares during the period. Barclays PLC lifted its holdings in Artisan Partners Asset Management by 58.1% in the 3rd quarter. Barclays PLC now owns 437,859 shares of the asset manager’s stock worth $16,384,000 after buying an additional 160,825 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in Artisan Partners Asset Management in the third quarter worth about $879,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company 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.