Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 142.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,355 shares of the asset manager’s stock after acquiring an additional 40,149 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.09% of Artisan Partners Asset Management worth $2,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its position 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 worth $60,965,000 after purchasing an additional 397,424 shares in the last quarter. Wasatch Advisors LP lifted its stake in Artisan Partners Asset Management by 25.2% in the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after buying an additional 318,355 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Artisan Partners Asset Management in the first quarter valued at approximately $9,907,000. Edgestream Partners L.P. purchased a new position in shares of Artisan Partners Asset Management during the first quarter worth approximately $7,287,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Artisan Partners Asset Management during the second quarter worth approximately $4,531,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $42.69 on Monday. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The stock has a market capitalization of $3.43 billion, a P/E ratio of 13.02 and a beta of 1.79. 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’s fifty day moving average is $41.23 and its two-hundred day moving average is $42.40.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The firm had revenue of $270.80 million for the quarter, compared to analysts’ expectations of $274.70 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.36 earnings per share 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. Investors 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 dividend on an annualized basis and a dividend yield of 6.65%. Artisan Partners Asset Management’s payout ratio is 86.59%.

Analyst Ratings Changes

APAM has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TD Cowen boosted their price target 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.

Artisan Partners Asset Management 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.