Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.2% during the second quarter, HoldingsChannel.com reports. The firm owned 35,089 shares of the asset manager’s stock after acquiring an additional 1,725 shares during the period. The Manufacturers Life Insurance Company’s holdings in Artisan Partners Asset Management were worth $1,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at $253,000. Pineridge Advisors LLC bought a new position in Artisan Partners Asset Management during the 4th quarter worth approximately $48,000. Vanguard Group Inc. lifted its stake in Artisan Partners Asset Management by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock valued at $347,856,000 after buying an additional 75,304 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $925,000. Finally, Arden Trust Co lifted its position in shares of Artisan Partners Asset Management by 1.9% in the first quarter. Arden Trust Co now owns 26,009 shares of the asset manager’s stock worth $1,190,000 after purchasing an additional 492 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen upped their price objective 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. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group lowered their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.83.

Artisan Partners Asset Management Trading Down 0.7 %

Shares of Artisan Partners Asset Management stock opened at $42.40 on Friday. The stock has a fifty day moving average price of $41.19 and a 200-day moving average price of $42.31. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The firm has a market cap of $3.41 billion, a PE ratio of 12.93 and a beta of 1.79. 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 (NYSE:APAM) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $270.80 million for 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 firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.71 dividend. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.70%. Artisan Partners Asset Management’s payout ratio is presently 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.