Dimensional Fund Advisors LP Boosts Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Dimensional Fund Advisors LP grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,617,617 shares of the asset manager’s stock after buying an additional 74,393 shares during the period. Dimensional Fund Advisors LP owned 2.01% of Artisan Partners Asset Management worth $66,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APAM. Caprock Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 3.7% in the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after acquiring an additional 297 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Artisan Partners Asset Management by 19.0% during the 1st quarter. Sound Income Strategies LLC now owns 2,064 shares of the asset manager’s stock worth $94,000 after purchasing an additional 329 shares during the period. GAMMA Investing LLC lifted its stake in shares of Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after acquiring an additional 348 shares during the period. Arden Trust Co lifted its stake in shares of Artisan Partners Asset Management by 1.5% in the 2nd quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock worth $1,089,000 after acquiring an additional 382 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Artisan Partners Asset Management by 65.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,080 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 426 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on APAM. TD Cowen raised 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 report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $43.16 on Friday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 13.16 and a beta of 1.79. The firm has a fifty day moving average of $41.27 and a 200-day moving average of $42.37. 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 debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 0.71.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The business had revenue of $270.80 million during the quarter, compared to analyst estimates of $274.70 million. Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. Artisan Partners Asset Management’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.71 dividend. 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 dividend on an annualized basis and a dividend yield of 6.58%. 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.