Artisan Partners Asset Management Inc. $APAM Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,443 shares of the asset manager’s stock after selling 4,930 shares during the period. Jennison Associates LLC’s holdings in Artisan Partners Asset Management were worth $1,261,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APAM. Vaughan Nelson Investment Management L.P. increased its holdings in Artisan Partners Asset Management by 25.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock valued at $109,233,000 after purchasing an additional 493,300 shares during the last quarter. Nuveen LLC acquired a new stake in Artisan Partners Asset Management in the 1st quarter valued at approximately $17,671,000. Punch & Associates Investment Management Inc. increased its holdings in Artisan Partners Asset Management by 3,362.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock valued at $17,089,000 after purchasing an additional 424,445 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Artisan Partners Asset Management by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager’s stock valued at $114,976,000 after purchasing an additional 167,930 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Artisan Partners Asset Management by 36.0% in the 1st quarter. Invesco Ltd. now owns 621,491 shares of the asset manager’s stock valued at $24,300,000 after purchasing an additional 164,612 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $43.68 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $44.76 and a 200 day moving average price of $43.63. The company has a market cap of $3.53 billion, a P/E ratio of 11.93 and a beta of 1.72. 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 issued its earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate 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 was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, November 14th. This is an increase 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 8.1%. Artisan Partners Asset Management’s payout ratio is presently 79.78%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI raised their price target 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 boosted their price target on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Zacks Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, October 14th. Finally, TD Cowen dropped their price target on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

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.