Sei Investments Co. Buys 35,963 Shares of Artisan Partners Asset Management Inc. $APAM

Sei Investments Co. lifted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 33.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 144,778 shares of the asset manager’s stock after purchasing an additional 35,963 shares during the period. Sei Investments Co.’s holdings in Artisan Partners Asset Management were worth $5,268,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $32,000. Triumph Capital Management lifted its stake in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Artisan Partners Asset Management in the 4th quarter valued at $37,000. IFP Advisors Inc boosted its holdings in Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 300 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at $51,000. 86.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on APAM shares. Royal Bank Of Canada upped their price target on shares of Artisan Partners Asset Management from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Evercore set a $36.00 price objective on Artisan Partners Asset Management in a research note on Friday, July 10th. TD Cowen boosted their target price on Artisan Partners Asset Management from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Wall Street Zen lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $38.00.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $42.70 on Wednesday. Artisan Partners Asset Management Inc. has a 52-week low of $33.96 and a 52-week high of $48.46. The company has a fifty day moving average of $37.18 and a 200-day moving average of $38.50. The company has a market capitalization of $3.44 billion, a P/E ratio of 10.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.90.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.The business had revenue of $307.91 million for the quarter, compared to analysts’ expectations of $301.32 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.91 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.5%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. Artisan Partners Asset Management’s payout ratio is 74.76%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.