AQR Capital Management LLC Has $659,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

AQR Capital Management LLC lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,967 shares of the asset manager’s stock after selling 7,597 shares during the quarter. AQR Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APAM. Quadrature Capital Ltd bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $925,000. UniSuper Management Pty Ltd bought a new stake in shares of Artisan Partners Asset Management during the first quarter valued at approximately $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Artisan Partners Asset Management by 11.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock valued at $18,314,000 after purchasing an additional 42,522 shares during the last quarter. FCF Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the first quarter valued at approximately $988,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Artisan Partners Asset Management by 42.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock valued at $60,965,000 after purchasing an additional 397,424 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on APAM. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, July 29th. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. TD Cowen increased their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group cut their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.83.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM opened at $43.41 on Monday. The firm has a 50 day moving average of $41.24 and a 200-day moving average of $42.27. The stock has a market capitalization of $3.49 billion, a PE ratio of 13.23 and a beta of 1.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. Artisan Partners Asset Management Inc. has a 12 month low of $32.12 and a 12 month high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results 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 company had revenue of $270.80 million for the quarter, compared to the consensus estimate of $274.70 million. During the same period last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.71 dividend. The ex-dividend date was Friday, August 16th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a dividend yield of 6.54%. Artisan Partners Asset Management’s dividend payout ratio (DPR) 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.