Vanguard Personalized Indexing Management LLC Purchases 2,170 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,639 shares of the asset manager’s stock after acquiring an additional 2,170 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Artisan Partners Asset Management were worth $760,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its stake 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 valued at $28,000 after purchasing an additional 265 shares during the period. MCF Advisors LLC acquired a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at $31,000. Principal Securities Inc. bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth $31,000. Finally, Scarborough Advisors LLC bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth $34,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on APAM shares. TD Cowen upped their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada reiterated 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. Finally, StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Artisan Partners Asset Management Stock Performance

APAM stock opened at $43.71 on Wednesday. Artisan Partners Asset Management Inc. has a 1-year low of $32.12 and a 1-year high of $46.75. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.51 billion, a PE ratio of 13.33 and a beta of 1.79. The business’s 50-day moving average price is $41.25 and its two-hundred day moving average price is $42.38.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data 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 business had revenue of $270.80 million for the quarter, compared to the consensus estimate of $274.70 million. Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.71 per share. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 6.50%. Artisan Partners Asset Management’s dividend payout ratio is currently 86.59%.

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.