Artisan Partners Asset Management Inc. $APAM Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,464,096 shares of the asset manager’s stock after acquiring an additional 493,300 shares during the period. Artisan Partners Asset Management makes up 1.0% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 29th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Artisan Partners Asset Management were worth $109,233,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Artisan Partners Asset Management by 12.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,086 shares of the asset manager’s stock worth $2,841,000 after acquiring an additional 6,986 shares during the period. Impact Capital Partners LLC increased its holdings in shares of Artisan Partners Asset Management by 2.7% in the 2nd quarter. Impact Capital Partners LLC now owns 11,471 shares of the asset manager’s stock worth $509,000 after acquiring an additional 307 shares during the period. Twelve Points Wealth Management LLC increased its holdings in shares of Artisan Partners Asset Management by 6.0% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 81,801 shares of the asset manager’s stock worth $3,626,000 after acquiring an additional 4,611 shares during the period. State of Alaska Department of Revenue grew its position in Artisan Partners Asset Management by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 41,910 shares of the asset manager’s stock valued at $1,857,000 after buying an additional 3,085 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in Artisan Partners Asset Management in the 2nd quarter valued at about $75,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APAM shares. TD Cowen decreased their target price 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. Royal Bank Of Canada increased 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. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Evercore ISI increased their target price on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Artisan Partners Asset Management in a research report on Saturday, September 27th. Two 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, the stock presently has an average rating of “Hold” and an average price target of $44.50.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $43.89 on Friday. The firm’s 50 day moving average is $45.77 and its 200-day moving average is $42.77. The stock has a market capitalization of $3.54 billion, a P/E ratio of 11.67 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.97. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $282.80 million for the quarter, compared to analyst estimates 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 for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Equities 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 company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued 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 dividend yield of 6.7%. Artisan Partners Asset Management’s dividend payout ratio is 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.