Benjamin F. Edwards & Company Inc. Purchases 797 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Benjamin F. Edwards & Company Inc. raised its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 75.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,851 shares of the asset manager’s stock after purchasing an additional 797 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Artisan Partners Asset Management were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in Artisan Partners Asset Management in the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Artisan Partners Asset Management in the first quarter valued at $31,000. Scarborough Advisors LLC bought a new position in Artisan Partners Asset Management during the 4th quarter worth $34,000. GAMMA Investing LLC lifted its holdings in Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after buying an additional 348 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Artisan Partners Asset Management by 65.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,080 shares of the asset manager’s stock valued at $49,000 after buying an additional 426 shares during the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APAM shares. TD Cowen raised their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada restated 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, 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.

Artisan Partners Asset Management Trading Down 0.2 %

NYSE APAM opened at $43.16 on Friday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 13.16 and a beta of 1.79. The business has a 50 day simple moving average of $41.27 and a 200 day simple moving average of $42.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. Artisan Partners Asset Management Inc. has a one year low of $32.12 and a one year high of $46.75.

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

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 6.58%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s dividend payout ratio is currently 86.59%.

About Artisan Partners Asset Management

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.