Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 72.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,637 shares of the asset manager’s stock after selling 114,571 shares during the quarter. Edgestream Partners L.P. owned 0.06% of Artisan Partners Asset Management worth $1,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APAM. Vaughan Nelson Investment Management L.P. raised its holdings 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 acquiring an additional 397,424 shares during the last quarter. Wasatch Advisors LP raised its stake in Artisan Partners Asset Management by 25.2% in the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at $9,907,000. Assenagon Asset Management S.A. purchased a new position in Artisan Partners Asset Management in the 2nd quarter valued at $4,531,000. Finally, Meritage Portfolio Management acquired a new stake in Artisan Partners Asset Management during the 1st quarter worth $4,209,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. TD Cowen raised 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 research note on Thursday, July 25th. Finally, 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 report on Monday, July 29th.

Artisan Partners Asset Management Trading Up 2.1 %

Shares of APAM opened at $43.04 on Friday. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $46.75. The firm has a market capitalization of $3.46 billion, a P/E ratio of 13.12 and a beta of 1.79. The firm has a 50-day moving average price of $41.21 and a 200 day moving average price of $42.45. 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 (NYSE:APAM) last posted its quarterly earnings results 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 quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared 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. The ex-dividend date was Friday, August 16th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.60%. Artisan Partners Asset Management’s dividend payout ratio 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.