Drucker Wealth 3.0 LLC Purchases Shares of 6,001 Artisan Partners Asset Management Inc. $APAM

Drucker Wealth 3.0 LLC purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,001 shares of the asset manager’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APAM. SG Americas Securities LLC boosted its position in Artisan Partners Asset Management by 600.1% in the 1st quarter. SG Americas Securities LLC now owns 30,531 shares of the asset manager’s stock valued at $1,194,000 after buying an additional 26,170 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Artisan Partners Asset Management by 24.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager’s stock valued at $77,057,000 after buying an additional 381,210 shares during the period. Exchange Traded Concepts LLC purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at approximately $951,000. Envestnet Portfolio Solutions Inc. boosted its position in Artisan Partners Asset Management by 29.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,050 shares of the asset manager’s stock valued at $432,000 after buying an additional 2,503 shares during the period. Finally, Continuum Advisory LLC purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at approximately $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM opened at $42.34 on Friday. The company’s fifty day moving average price is $45.57 and its 200 day moving average price is $42.87. 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 debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $3.42 billion, a P/E ratio of 11.26 and a beta of 1.72.

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

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.73 dividend. This is a boost 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 6.9%. The ex-dividend date was Friday, August 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on APAM shares. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Royal Bank Of Canada lifted their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Artisan Partners Asset Management in a research report on Saturday, September 27th. TD Cowen decreased their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 15th. Finally, Evercore ISI decreased their price objective on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

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.