Callan Family Office LLC Purchases 68,220 Shares of Artisan Partners Asset Management Inc. $APAM

Key Points

• Callan Family Office LLC increased its stake in Artisan Partners Asset Management by 972.2%, acquiring an additional 68,220 shares in the second quarter, raising its total to 75,237 shares valued at approximately $3,335,000.
• The company reported a quarterly earnings per share (EPS) of $0.83, exceeding analysts' expectations, while its revenue increased by 4.4% compared to the previous year.
• Artisan Partners recently announced a quarterly dividend of $0.73, reflecting an increase from its prior dividend and resulting in a yield of 6.9% for shareholders.

Callan Family Office LLC boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 972.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 75,237 shares of the asset manager's stock after purchasing an additional 68,220 shares during the period. Callan Family Office LLC owned about 0.09% of Artisan Partners Asset Management worth $3,335,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APAM. Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 25.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager's stock valued at $109,233,000 after acquiring an additional 493,300 shares during the period. Nuveen LLC bought a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at approximately $17,671,000. Punch & Associates Investment Management Inc. grew its position in shares of Artisan Partners Asset Management by 3,362.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager's stock valued at $17,089,000 after acquiring an additional 424,445 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Artisan Partners Asset Management by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager's stock valued at $114,976,000 after acquiring an additional 167,930 shares during the period. Finally, Invesco Ltd. grew its position in shares of Artisan Partners Asset Management by 36.0% during the 1st quarter. Invesco Ltd. now owns 621,491 shares of the asset manager's stock valued at $24,300,000 after acquiring an additional 164,612 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $42.34 on Friday. The stock has a market capitalization of $3.42 billion, a P/E ratio of 11.26 and a beta of 1.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm's 50 day moving average is $45.57 and its 200 day moving average is $42.86. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 EPS 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 company had revenue of $282.80 million for the quarter, compared to analysts' expectations of $269.00 million. During the same period in the prior year, the company posted $0.82 EPS. Artisan Partners Asset Management's revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced 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 was Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.9%. This is a boost from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio is currently 77.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Evercore ISI reduced their target price on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an "in-line" rating for the company in a research report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Artisan Partners Asset Management in a research report on Saturday, September 27th. Zacks Research cut shares of Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, TD Cowen dropped their price target on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a "hold" rating on the stock in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Artisan Partners Asset Management currently has an average rating of "Hold" and an average price target of $44.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.