Deutsche Bank AG Has $2.08 Million Stake in Artisan Partners Asset Management Inc. $APAM

Key Points

• Deutsche Bank AG reduced its stake in Artisan Partners Asset Management by 68.5% in Q1, now holding approximately $2.08 million worth of shares.
• Artisan Partners recently announced an increase in its quarterly dividend from $0.68 to $0.73, representing a 6.5% yield.
• Analysts have mixed opinions on Artisan Partners stock, with one rating it a "Buy," four as "Hold," and one as "Sell," yielding an average target price of $39.30.

Deutsche Bank AG decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 68.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,167 shares of the asset manager's stock after selling 115,695 shares during the quarter. Deutsche Bank AG owned about 0.07% of Artisan Partners Asset Management worth $2,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Artisan Partners Asset Management by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager's stock valued at $114,976,000 after buying an additional 167,930 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 24.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager's stock valued at $77,057,000 after buying an additional 381,210 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Artisan Partners Asset Management by 3.3% in the first quarter. Victory Capital Management Inc. now owns 1,228,743 shares of the asset manager's stock valued at $48,044,000 after buying an additional 39,578 shares in the last quarter. Royce & Associates LP lifted its stake in Artisan Partners Asset Management by 3.0% in the first quarter. Royce & Associates LP now owns 1,066,936 shares of the asset manager's stock valued at $41,717,000 after buying an additional 31,211 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Artisan Partners Asset Management by 2.3% in the fourth quarter. Northern Trust Corp now owns 903,986 shares of the asset manager's stock valued at $38,917,000 after buying an additional 20,456 shares in the last quarter. Institutional investors own 86.45% of the company's stock.

Insider Activity

In other news, CFO Charles J. Daley, Jr. sold 15,448 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.53% of the company's stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $45.21 on Thursday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 12.02 and a beta of 1.69. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The company's fifty day simple moving average is $45.51 and its 200 day simple moving average is $42.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, topping 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 business had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. During the same period in the previous year, the company earned $0.82 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Artisan Partners Asset Management's previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.5%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 77.66%.

Analysts Set New Price Targets

A number of research analysts have weighed in on APAM shares. Evercore ISI cut their price target 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. TD Securities boosted their price objective on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Cowen reissued 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 shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.

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