Nisa Investment Advisors LLC Has $1.79 Million Stock Position in Artisan Partners Asset Management Inc. $APAM

Nisa Investment Advisors LLC increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 28.3% in the second quarter, HoldingsChannel reports. The firm owned 40,478 shares of the asset manager’s stock after purchasing an additional 8,936 shares during the period. Nisa Investment Advisors LLC’s holdings in Artisan Partners Asset Management were worth $1,794,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $33,000. Farther Finance Advisors LLC increased its position in shares of Artisan Partners Asset Management by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after purchasing an additional 249 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth about $75,000. CWM LLC increased its position in shares of Artisan Partners Asset Management by 77.0% during the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock worth $83,000 after purchasing an additional 925 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $137,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APAM shares. TD Cowen dropped 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. Evercore ISI raised their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday. Royal Bank Of Canada raised 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. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Tuesday, October 14th. Finally, 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. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Stock Down 0.5%

Shares of NYSE APAM opened at $43.37 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of 11.85 and a beta of 1.72. The company has a current ratio of 0.75, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The firm’s 50-day moving average is $44.82 and its 200-day moving average is $43.52.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The company had revenue of $301.30 million for the quarter, compared to analyst estimates of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.14%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS 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 paid a $0.88 dividend. 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. This represents a $3.52 annualized dividend and a dividend yield of 8.1%. Artisan Partners Asset Management’s payout ratio is 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.