Teza Capital Management LLC Buys Shares of 6,988 Artisan Partners Asset Management Inc. $APAM

Key Points

• Teza Capital Management LLC acquired 6,988 shares of Artisan Partners Asset Management, valued at approximately $273,000, expanding the interest of multiple institutional investors in the company.
• Artisan Partners recently declared an increased quarterly dividend of $0.73 per share, reflecting a yield of 6.3% and a payout ratio of 77.66%.
• Despite varied ratings from analysts, the stock currently holds a consensus rating of "Hold" with a target price of $41.90.

Teza Capital Management LLC purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,988 shares of the asset manager's stock, valued at approximately $273,000.

Other large investors have also modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $33,000. Continuum Advisory LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $63,000. CWM LLC raised its stake in shares of Artisan Partners Asset Management by 77.0% during the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager's stock worth $83,000 after acquiring an additional 925 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Artisan Partners Asset Management by 118,700.0% during the 1st quarter. NBC Securities Inc. now owns 2,376 shares of the asset manager's stock worth $92,000 after acquiring an additional 2,374 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $137,000. Institutional investors own 86.45% of the company's stock.

Analyst Upgrades and Downgrades

APAM has been the subject of several recent analyst reports. Zacks Research lowered shares of Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Royal Bank Of Canada boosted 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 note on Thursday, July 31st. Evercore ISI upped their price target on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.90.

Artisan Partners Asset Management Trading Down 1.8%

Artisan Partners Asset Management stock traded down $0.83 during midday trading on Friday, hitting $46.33. 334,298 shares of the stock were exchanged, compared to its average volume of 367,493. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 12.32 and a beta of 1.71. The stock's 50-day simple moving average is $46.44 and its 200 day simple moving average is $42.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $269.00 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.3%. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio is presently 77.66%.

About Artisan Partners Asset Management

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.