Artisan Partners Asset Management Inc. (NYSE:APAM) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,413 shares of the asset manager’s stock after selling 14,696 shares during the period. Bank of New York Mellon Corp’s holdings in Artisan Partners Asset Management were worth $21,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in shares of Artisan Partners Asset Management by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 35,200 shares of the asset manager’s stock worth $1,453,000 after purchasing an additional 1,200 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 12.3% in the second quarter. MeadowBrook Investment Advisors LLC now owns 7,623 shares of the asset manager’s stock worth $315,000 after buying an additional 835 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Artisan Partners Asset Management by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager’s stock worth $59,197,000 after buying an additional 102,421 shares during the period. Raymond James & Associates grew its position in Artisan Partners Asset Management by 3.9% during the 2nd quarter. Raymond James & Associates now owns 420,020 shares of the asset manager’s stock worth $17,334,000 after purchasing an additional 15,811 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in Artisan Partners Asset Management during the 2nd quarter valued at $72,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $39.93 on Friday. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The stock’s 50-day moving average is $41.07 and its two-hundred day moving average is $42.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $3.21 billion, a P/E ratio of 12.17 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $270.80 million during the quarter, compared to the consensus estimate of $274.70 million. Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Analysts predict that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s dividend payout ratio is 86.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APAM shares. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. TD Cowen lifted their target price on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

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.