Sanctuary Advisors LLC Acquires Shares of 11,077 Artisan Partners Asset Management Inc. (NYSE:APAM)

Sanctuary Advisors LLC acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,077 shares of the asset manager’s stock, valued at approximately $465,000.

Other hedge funds also recently bought and sold shares of the company. Scarborough Advisors LLC bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth $34,000. Vanguard Group Inc. grew its position in shares of Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after buying an additional 75,304 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth $925,000. Los Angeles Capital Management LLC bought a new position in shares of Artisan Partners Asset Management during the 1st quarter worth $3,274,000. Finally, Mather Group LLC. bought a new position in shares of Artisan Partners Asset Management during the 1st quarter worth $26,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $45.51 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $3.66 billion, a PE ratio of 13.88 and a beta of 1.79. The business has a 50-day simple moving average of $41.63 and a two-hundred day simple moving average of $42.27. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data 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 return on equity of 71.76% and a net margin of 22.75%. The firm had revenue of $270.80 million during the quarter, compared to analysts’ expectations of $274.70 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 6.24%. 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 presently 86.59%.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of recent research reports. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. The Goldman Sachs Group dropped their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. TD Cowen raised their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. 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 company’s stock. According to data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $42.83.

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.