Artisan Partners Asset Management Inc. $APAM Position Increased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.6% during the first quarter, Holdings Channel reports. The firm owned 2,587,946 shares of the asset manager’s stock after acquiring an additional 289,105 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Artisan Partners Asset Management were worth $94,175,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. UBS Group AG raised its stake in Artisan Partners Asset Management by 21.6% during the fourth quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock worth $11,369,000 after acquiring an additional 49,635 shares during the period. Tudor Investment Corp ET AL acquired a new position in Artisan Partners Asset Management in the third quarter valued at approximately $3,653,000. Elo Mutual Pension Insurance Co boosted its stake in Artisan Partners Asset Management by 187.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 38,730 shares of the asset manager’s stock valued at $1,681,000 after acquiring an additional 25,243 shares during the period. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock valued at $334,820,000 after acquiring an additional 52,644 shares during the period. Finally, Barclays PLC grew its holdings in shares of Artisan Partners Asset Management by 30.7% during the third quarter. Barclays PLC now owns 512,433 shares of the asset manager’s stock valued at $22,240,000 after purchasing an additional 120,267 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $35.90 on Monday. The stock has a market cap of $2.89 billion, a P/E ratio of 9.09 and a beta of 1.67. The firm’s 50-day simple moving average is $37.03 and its 200 day simple moving average is $39.49. Artisan Partners Asset Management Inc. has a fifty-two week low of $34.37 and a fifty-two week high of $48.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The company had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Equities analysts expect that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, May 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 77.97%.

Analyst Ratings Changes

APAM has been the topic of a number of research reports. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Royal Bank Of Canada reduced their price objective on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. The Goldman Sachs Group lowered their price objective on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Tuesday, April 7th. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Evercore set a $39.00 target price on Artisan Partners Asset Management in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.75.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.