Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 945.6% in the second quarter, Holdings Channel reports. The fund owned 56,465 shares of the asset manager’s stock after purchasing an additional 51,065 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Artisan Partners Asset Management were worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of APAM. Caprock Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 3.7% during 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 during the period. Morse Asset Management Inc lifted its stake in shares of Artisan Partners Asset Management by 3.0% in the 2nd 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 boosted its holdings in shares of Artisan Partners Asset Management by 19.0% in the first quarter. Sound Income Strategies LLC now owns 2,064 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 329 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Artisan Partners Asset Management by 81.5% during the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after acquiring an additional 348 shares during the period. Finally, Arden Trust Co raised its holdings in Artisan Partners Asset Management by 1.5% during the second quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock worth $1,089,000 after purchasing an additional 382 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Up 0.4 %

Shares of Artisan Partners Asset Management stock opened at $43.32 on Tuesday. The company has a 50-day moving average of $41.28 and a two-hundred day moving average of $42.36. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $46.75. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The stock has a market cap of $3.48 billion, a PE ratio of 13.21 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share 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 analysts’ expectations of $274.70 million. Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. On average, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a dividend yield of 6.56%. Artisan Partners Asset Management’s payout ratio is currently 86.59%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. 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 note on Monday, July 29th. Finally, TD Cowen increased 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.

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.