Bank of New York Mellon Corp Has $17.52 Million Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Bank of New York Mellon Corp boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 448,003 shares of the asset manager's stock after purchasing an additional 6,393 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Artisan Partners Asset Management worth $17,517,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APAM. PNC Financial Services Group Inc. lifted its holdings in Artisan Partners Asset Management by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock valued at $208,000 after acquiring an additional 226 shares during the period. Stifel Financial Corp increased its stake in Artisan Partners Asset Management by 0.3% during the fourth quarter. Stifel Financial Corp now owns 120,023 shares of the asset manager's stock worth $5,167,000 after purchasing an additional 319 shares during the period. EverSource Wealth Advisors LLC raised its position in Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Artisan Partners Asset Management by 208.6% during the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after acquiring an additional 388 shares in the last quarter. Finally, Operose Advisors LLC raised its position in shares of Artisan Partners Asset Management by 0.9% during the 4th quarter. Operose Advisors LLC now owns 57,288 shares of the asset manager's stock worth $2,466,000 after acquiring an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Down 0.9%

NYSE APAM traded down $0.40 on Friday, hitting $46.37. 700,406 shares of the stock traded hands, compared to its average volume of 507,036. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $43.40 and a 200 day moving average of $41.59. The company has a market capitalization of $3.74 billion, a P/E ratio of 12.81 and a beta of 1.70. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. Artisan Partners Asset Management had a return on equity of 73.48% and a net margin of 23.24%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's payout ratio is 75.14%.

Insider Buying and Selling at Artisan Partners Asset Management

In related news, CFO Charles J. Daley, Jr. sold 15,448 shares of Artisan Partners Asset Management stock in a transaction dated 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 directly owned 91,363 shares of the company's stock, valued at $3,695,633.35. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samuel Bentson Sellers sold 6,801 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $44.24, for a total transaction of $300,876.24. Following the transaction, the executive vice president owned 40,529 shares of the company's stock, valued at approximately $1,793,002.96. This represents a 14.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. TD Securities lifted their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Evercore ISI reduced their price objective on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Cowen reaffirmed a "hold" rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Royal Bank Of Canada lifted their price objective on Artisan Partners Asset Management from $44.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, TD Cowen reduced their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.10.

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.