Epoch Investment Partners Inc. Sells 212,631 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Epoch Investment Partners Inc. lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 81.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,684 shares of the asset manager’s stock after selling 212,631 shares during the period. Epoch Investment Partners Inc. owned approximately 0.06% of Artisan Partners Asset Management worth $2,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in APAM. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Artisan Partners Asset Management by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock worth $273,494,000 after purchasing an additional 160,297 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Artisan Partners Asset Management by 75.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,851 shares of the asset manager’s stock worth $76,000 after buying an additional 797 shares in the last quarter. MQS Management LLC purchased a new position in Artisan Partners Asset Management in the 2nd quarter worth about $362,000. XTX Topco Ltd raised its position in Artisan Partners Asset Management by 129.9% in the 2nd quarter. XTX Topco Ltd now owns 10,269 shares of the asset manager’s stock worth $424,000 after buying an additional 5,802 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new position in Artisan Partners Asset Management during the 2nd quarter valued at about $414,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $42.88 on Tuesday. The company has a 50-day moving average price of $41.24 and a 200-day moving average price of $42.38. Artisan Partners Asset Management Inc. has a 52 week low of $32.12 and a 52 week high of $46.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3.45 billion, a P/E ratio of 13.07 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last announced 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 for 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 firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.71 per share. 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 yield of 6.62%. Artisan Partners Asset Management’s payout ratio is 86.59%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. TD Cowen boosted their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th.

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.