Artisan Partners Asset Management Inc. (NYSE:APAM) Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,228,743 shares of the asset manager's stock after acquiring an additional 39,578 shares during the period. Victory Capital Management Inc. owned 1.53% of Artisan Partners Asset Management worth $48,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,097,132 shares of the asset manager's stock worth $348,582,000 after purchasing an additional 78,979 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Artisan Partners Asset Management by 24.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager's stock worth $77,057,000 after acquiring an additional 381,210 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Artisan Partners Asset Management by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager's stock worth $78,092,000 after acquiring an additional 38,284 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Artisan Partners Asset Management by 2.3% during the 4th quarter. Northern Trust Corp now owns 903,986 shares of the asset manager's stock worth $38,917,000 after acquiring an additional 20,456 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $20,607,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Up 1.5%

NYSE:APAM traded up $0.69 during mid-day trading on Wednesday, hitting $46.90. The company had a trading volume of 480,151 shares, compared to its average volume of 509,106. The business has a fifty day simple moving average of $43.57 and a 200-day simple moving average of $41.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 12.95 and a beta of 1.70.

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

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio is currently 75.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on APAM shares. Cowen reaffirmed a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. TD Securities increased their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Wall Street Zen raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $44.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Evercore ISI reduced their price target on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.10.

Insider Activity

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

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.