Aviance Capital Partners LLC Increases Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aviance Capital Partners LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,868 shares of the asset manager’s stock after buying an additional 691 shares during the quarter. Aviance Capital Partners LLC’s holdings in Artisan Partners Asset Management were worth $1,367,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mather Group LLC. purchased a new position in shares of Artisan Partners Asset Management during the first quarter valued at about $26,000. Allworth Financial LP raised its position in shares of Artisan Partners Asset Management by 716.0% in the 4th quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after acquiring an additional 537 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Artisan Partners Asset Management by 70.3% in the 4th quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock worth $28,000 after acquiring an additional 265 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $31,000. Finally, Principal Securities Inc. bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $31,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $40.22 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $43.18. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 12.26 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. Analysts expect that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 6.07%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

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.