Heron Bay Capital Management Cuts Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Heron Bay Capital Management decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,367 shares of the asset manager’s stock after selling 10,644 shares during the period. Heron Bay Capital Management owned approximately 0.15% of Artisan Partners Asset Management worth $4,844,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Artisan Partners Asset Management in the first quarter valued at $26,000. Quadrant Capital Group LLC boosted its position in 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 buying an additional 265 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the first quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth about $31,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Artisan Partners Asset Management in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.8 %

Shares of Artisan Partners Asset Management stock opened at $42.69 on Friday. The business has a 50-day moving average price of $41.23 and a 200 day moving average price of $42.42. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The firm has a market cap of $3.43 billion, a P/E ratio of 13.02 and a beta of 1.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54.

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). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The firm had revenue of $270.80 million during the quarter, compared to the consensus estimate of $274.70 million. During the same quarter last year, the firm posted $0.71 earnings per share. Artisan Partners Asset Management’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.65%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, August 16th. Artisan Partners Asset Management’s dividend payout ratio is 86.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective 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 report on Friday, July 26th. Finally, TD Cowen lifted their price target 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.

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.