Marshall Wace LLP Makes New $366,000 Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Marshall Wace LLP acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,875 shares of the asset manager’s stock, valued at approximately $366,000.

A number of other hedge funds also recently made changes to their positions in APAM. Quadrature Capital Ltd bought a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $925,000. UniSuper Management Pty Ltd bought a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Artisan Partners Asset Management by 11.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock worth $18,314,000 after purchasing an additional 42,522 shares during the period. FCF Advisors LLC bought a new stake in Artisan Partners Asset Management in the first quarter worth $988,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in 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 valued at $60,965,000 after buying an additional 397,424 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Down 0.7 %

Shares of NYSE:APAM opened at $42.40 on Friday. The stock’s 50-day moving average is $41.19 and its 200 day moving average is $42.31. The company has a market cap of $3.41 billion, a PE ratio of 12.93 and a beta of 1.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its 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 net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million for the quarter, compared to analysts’ expectations of $274.70 million. During the same period last year, the firm posted $0.71 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 11.5% on a year-over-year basis. Sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS 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. Stockholders of record on Friday, August 16th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 6.70%. 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 (DPR) is currently 86.59%.

Analysts Set New Price Targets

APAM has been the topic of several analyst reports. TD Cowen lifted their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.83.

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.