Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 64.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,764 shares of the asset manager’s stock after selling 83,951 shares during the quarter. American Century Companies Inc. owned 0.06% of Artisan Partners Asset Management worth $1,889,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Provident Investment Management Inc. lifted its holdings in shares of Artisan Partners Asset Management by 4.8% in the 2nd quarter. Provident Investment Management Inc. now owns 20,910 shares of the asset manager’s stock worth $863,000 after purchasing an additional 960 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter valued at $795,000. Caprock Group LLC increased its position in shares of Artisan Partners Asset Management by 3.7% during the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock valued at $341,000 after purchasing an additional 297 shares during the period. Arizona State Retirement System increased its position in shares of Artisan Partners Asset Management by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 19,316 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 496 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Artisan Partners Asset Management by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 920,012 shares of the asset manager’s stock worth $37,969,000 after acquiring an additional 15,446 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. TD Cowen boosted 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. Finally, StockNews.com cut 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 company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s 50-day moving average is $41.27 and its 200-day moving average is $42.37. Artisan Partners Asset Management Inc. has a one year low of $32.12 and a one year high of $46.75. The firm has a market cap of $3.47 billion, a P/E ratio of 13.16 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million during the quarter, compared to analyst estimates of $274.70 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 6.58%. 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 presently 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.