Vanguard Personalized Indexing Management LLC Buys 1,450 Shares of Artisan Partners Asset Management Inc. $APAM

Vanguard Personalized Indexing Management LLC raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,395 shares of the asset manager’s stock after acquiring an additional 1,450 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Artisan Partners Asset Management were worth $1,215,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in Artisan Partners Asset Management during the 1st quarter valued at about $33,000. Farther Finance Advisors LLC raised its holdings in Artisan Partners Asset Management by 24.1% in the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after buying an additional 249 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Artisan Partners Asset Management in the first quarter worth approximately $63,000. Legend Financial Advisors Inc. bought a new position in shares of Artisan Partners Asset Management in the second quarter worth approximately $75,000. Finally, CWM LLC grew its holdings in shares of Artisan Partners Asset Management by 77.0% during the first quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock valued at $83,000 after buying an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 1.3%

Artisan Partners Asset Management stock opened at $43.11 on Friday. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54. The stock has a fifty day moving average of $45.33 and a 200 day moving average of $43.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $3.48 billion, a PE ratio of 11.47 and a beta of 1.72.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $282.80 million during the quarter, compared to the consensus estimate of $269.00 million. During the same period in the previous year, the company posted $0.82 EPS. The business’s quarterly revenue 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 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced 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. This is an increase 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 6.8%. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 77.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APAM. 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 report on Monday, September 15th. Royal Bank Of Canada lifted their target price on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Evercore ISI lowered their price target on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating on the stock in a report on Thursday, October 9th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.