Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Position Increased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Artisan Partners Asset Management by 6.1%, owning a total of 2,940,562 shares valued at approximately $114.98 million.
• The company recently announced an increase in its quarterly dividend from $0.68 to $0.73, representing an annualized yield of 6.3%.
• Analysts have differing views on APAM's stock, with one investment analyst rating it as a sell, four as hold, and two upgrading it to a buy rating, while the average consensus target price stands at $39.30.

Charles Schwab Investment Management Inc. lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,940,562 shares of the asset manager's stock after acquiring an additional 167,930 shares during the period. Charles Schwab Investment Management Inc. owned about 3.66% of Artisan Partners Asset Management worth $114,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APAM. Franklin Resources Inc. raised its position in shares of Artisan Partners Asset Management by 6.7% during the 4th quarter. Franklin Resources Inc. now owns 51,004 shares of the asset manager's stock valued at $2,196,000 after acquiring an additional 3,205 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Artisan Partners Asset Management by 19.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 113,451 shares of the asset manager's stock valued at $4,884,000 after purchasing an additional 18,284 shares during the period. Russell Investments Group Ltd. boosted its position in Artisan Partners Asset Management by 4,858.4% during the 4th quarter. Russell Investments Group Ltd. now owns 29,800 shares of the asset manager's stock valued at $1,283,000 after purchasing an additional 29,199 shares during the period. Bank of Montreal Can boosted its position in Artisan Partners Asset Management by 40.2% during the 4th quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager's stock valued at $674,000 after purchasing an additional 4,485 shares during the period. Finally, Legal & General Group Plc boosted its position in Artisan Partners Asset Management by 1.6% during the 4th quarter. Legal & General Group Plc now owns 209,783 shares of the asset manager's stock valued at $9,031,000 after purchasing an additional 3,203 shares during the period. 86.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Artisan Partners Asset Management

In other news, CFO Charles J. Daley, Jr. sold 15,448 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total value of $624,871.60. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.53% of the company's stock.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock traded down $1.45 during mid-day trading on Friday, hitting $46.34. 638,506 shares of the company's stock traded hands, compared to its average volume of 591,923. The firm has a 50 day moving average price of $45.28 and a 200 day moving average price of $42.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.74 billion, a PE ratio of 12.32 and a beta of 1.69. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts forecast 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 will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 72.34%.

Analyst Ratings Changes

A number of research analysts recently issued reports on APAM shares. 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 research report on Thursday, May 1st. TD Securities boosted their price objective on 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. Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. Royal Bank Of Canada boosted their price objective on 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. Finally, Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of "Hold" and a consensus price target of $39.30.

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.