Arizona State Retirement System Raises Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Arizona State Retirement System increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,316 shares of the asset manager’s stock after acquiring an additional 496 shares during the period. Arizona State Retirement System’s holdings in Artisan Partners Asset Management were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $31,000. Jump Financial LLC purchased a new position in Artisan Partners Asset Management during the fourth quarter worth approximately $239,000. Vanguard Personalized Indexing Management LLC boosted its position in Artisan Partners Asset Management by 7.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,149 shares of the asset manager’s stock worth $625,000 after purchasing an additional 983 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Artisan Partners Asset Management by 70.3% in the fourth quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 265 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $236,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Up 0.8 %

NYSE APAM opened at $40.81 on Friday. The business has a fifty day moving average price of $41.02 and a 200 day moving average price of $42.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $3.28 billion, a P/E ratio of 12.44 and a beta of 1.79. 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 issued 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 business had revenue of $270.80 million during the quarter, compared to analyst estimates of $274.70 million. Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. Artisan Partners Asset Management’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. 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 business also recently announced 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. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Friday, August 16th. Artisan Partners Asset Management’s payout ratio is currently 86.59%.

Analyst Ratings Changes

APAM has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. 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 research report on Monday, July 29th.

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.