Short Interest in Artisan Partners Asset Management Inc. (NYSE:APAM) Decreases By 6.9%

Artisan Partners Asset Management Inc. (NYSE:APAM) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,840,000 shares, a drop of 6.9% from the August 15th total of 3,050,000 shares. Based on an average trading volume of 470,800 shares, the short-interest ratio is presently 6.0 days.

Analyst Ratings Changes

Several research firms have commented on APAM. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Finally, TD Cowen boosted their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, July 25th.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of institutional investors have recently added to or reduced their stakes in APAM. Quadrant Capital Group LLC raised its position in shares of Artisan Partners Asset Management by 70.3% in the 4th quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock worth $28,000 after purchasing an additional 265 shares during the last quarter. Caprock Group LLC increased its stake in shares of Artisan Partners Asset Management by 3.7% in the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after purchasing an additional 297 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of Artisan Partners Asset Management by 3.0% in the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock worth $431,000 after acquiring an additional 300 shares during the period. Sound Income Strategies LLC grew its holdings in Artisan Partners Asset Management by 19.0% during the 1st quarter. Sound Income Strategies LLC now owns 2,064 shares of the asset manager’s stock valued at $94,000 after buying an additional 329 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 348 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $42.17 on Thursday. The firm’s 50-day simple moving average is $41.13 and its two-hundred day simple moving average is $42.45. The company has a market cap of $3.39 billion, a PE ratio of 13.05 and a beta of 1.79. Artisan Partners Asset Management has a 52 week low of $32.12 and a 52 week high of $46.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Research analysts predict that Artisan Partners Asset Management will post 3.36 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.71 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.84 annualized dividend and a yield of 6.73%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s payout ratio is 86.59%.

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.