UBS Asset Management Americas Inc. raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 61.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,197 shares of the asset manager’s stock after buying an additional 10,395 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Artisan Partners Asset Management worth $751,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of APAM. Norges Bank acquired a new stake in Artisan Partners Asset Management during the fourth quarter valued at about $10,426,000. Wells Fargo & Company MN increased its stake in Artisan Partners Asset Management by 7.5% in the first quarter. Wells Fargo & Company MN now owns 2,075,106 shares of the asset manager’s stock valued at $57,272,000 after buying an additional 144,029 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Artisan Partners Asset Management by 14.1% in the first quarter. Bank of New York Mellon Corp now owns 655,986 shares of the asset manager’s stock valued at $18,105,000 after buying an additional 80,938 shares in the last quarter. First Trust Advisors LP increased its stake in Artisan Partners Asset Management by 473.8% in the first quarter. First Trust Advisors LP now owns 84,144 shares of the asset manager’s stock valued at $2,322,000 after buying an additional 69,480 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC increased its stake in Artisan Partners Asset Management by 358.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 84,900 shares of the asset manager’s stock valued at $2,343,000 after buying an additional 66,396 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.
Artisan Partners Asset Management Inc. (NYSE APAM) opened at 32.60 on Monday. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.50 and a beta of 1.73. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $33.85. The company’s 50-day moving average price is $31.01 and its 200-day moving average price is $29.12.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Artisan Partners Asset Management had a return on equity of 61.99% and a net margin of 10.47%. The firm had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $182.36 million. During the same period last year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Artisan Partners Asset Management Inc. will post $2.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.36%. Artisan Partners Asset Management’s dividend payout ratio is 151.90%.
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APAM has been the topic of several analyst reports. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Monday, June 5th. ValuEngine downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods upgraded Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Monday, May 1st. Finally, Royal Bank Of Canada began coverage on Artisan Partners Asset Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Artisan Partners Asset Management has a consensus rating of “Hold” and an average target price of $29.56.
Artisan Partners Asset Management Company Profile
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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