Alps Advisors Inc. Purchases 22,066 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Alps Advisors Inc. lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,297 shares of the asset manager's stock after buying an additional 22,066 shares during the quarter. Alps Advisors Inc. owned approximately 0.24% of Artisan Partners Asset Management worth $7,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Artisan Partners Asset Management by 40.2% in the 4th quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager's stock worth $674,000 after buying an additional 4,485 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Artisan Partners Asset Management by 12.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager's stock worth $2,234,000 after buying an additional 6,508 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth about $275,000. Drake & Associates LLC boosted its stake in Artisan Partners Asset Management by 31.0% in the 1st quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager's stock worth $1,571,000 after purchasing an additional 9,518 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Artisan Partners Asset Management by 80.2% during the 4th quarter. Squarepoint Ops LLC now owns 19,397 shares of the asset manager's stock valued at $835,000 after purchasing an additional 8,633 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president owned 40,529 shares in the company, valued at approximately $1,793,002.96. This trade represents a 14.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles J. Daley, Jr. sold 15,448 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total transaction of $624,871.60. Following the sale, the chief financial officer owned 91,363 shares in the company, valued at approximately $3,695,633.35. The trade was a 14.46% decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APAM has been the topic of several recent analyst reports. TD Securities increased their price objective on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. 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. TD Cowen lowered their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI lowered their target price on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.10.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM traded down $0.05 during trading on Monday, hitting $46.85. The company's stock had a trading volume of 613,078 shares, compared to its average volume of 584,688. The company has a 50-day moving average of $42.80 and a 200-day moving average of $41.47. 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 0.51, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 12.94 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Artisan Partners Asset Management had a net margin of 23.24% and a return on equity of 73.48%. The firm had revenue of $277.10 million for the quarter, compared to analysts' expectations of $281.15 million. During the same quarter in the prior year, the business earned $0.76 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 75.14%.

Artisan Partners Asset Management 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.