Dynamic Technology Lab Private Ltd Sells 7,586 Shares of Artisan Partners Asset Management Inc. $APAM

Dynamic Technology Lab Private Ltd reduced its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 30.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,544 shares of the asset manager’s stock after selling 7,586 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Artisan Partners Asset Management were worth $686,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Teza Capital Management LLC bought a new position in Artisan Partners Asset Management during the first quarter valued at about $273,000. Punch & Associates Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 3,362.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock worth $17,089,000 after purchasing an additional 424,445 shares during the period. Petrus Trust Company LTA bought a new position in shares of Artisan Partners Asset Management in the first quarter worth about $480,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Artisan Partners Asset Management by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock worth $1,465,000 after purchasing an additional 1,626 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Artisan Partners Asset Management by 6.4% in the first quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock worth $2,712,000 after purchasing an additional 4,177 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Down 0.4%

Shares of APAM opened at $46.46 on Wednesday. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.36 and a beta of 1.71. The stock’s 50-day moving average price is $46.43 and its 200 day moving average price is $42.33.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The firm had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 6.3%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APAM shares. Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. Evercore ISI lifted their price objective on Artisan Partners Asset Management from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Friday, September 5th. Wall Street Zen upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada lifted their price objective on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.90.

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.