Artisan Partners Asset Management Inc. $APAM Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has reduced its stake in Artisan Partners Asset Management by 30.2% after selling 7,586 shares, now owning a total of 17,544 shares valued at approximately $686,000.
• Artisan Partners has reported a quarterly earnings per share (EPS) of $0.83, exceeding estimates, with a net margin of 23.87% and revenue of $282.80 million for the quarter.
• The company has recently increased its quarterly dividend to $0.73 per share, reflecting a yield of 6.3% and contributing to a total annualized dividend of $2.92.

Dynamic Technology Lab Private Ltd lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,544 shares of the asset manager's stock after selling 7,586 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Artisan Partners Asset Management were worth $686,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APAM. SVB Wealth LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $33,000. Continuum Advisory LLC bought a new position in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $63,000. CWM LLC raised its stake in shares of Artisan Partners Asset Management by 77.0% during the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager's stock worth $83,000 after acquiring an additional 925 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Artisan Partners Asset Management by 118,700.0% during the 1st quarter. NBC Securities Inc. now owns 2,376 shares of the asset manager's stock worth $92,000 after acquiring an additional 2,374 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $137,000. Institutional investors own 86.45% of the company's stock.

Analyst Upgrades and Downgrades

APAM has been the subject of several recent analyst reports. 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 note on Thursday, July 31st. Evercore ISI boosted their target price on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Friday, September 5th. 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. Finally, Zacks Research downgraded shares of Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $41.90.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock traded down $0.83 during trading hours on Friday, hitting $46.33. The company's stock had a trading volume of 334,298 shares, compared to its average volume of 382,704. The company has a 50 day moving average of $46.44 and a 200 day moving average of $42.43. The stock has a market cap of $3.74 billion, a PE ratio of 12.32 and a beta of 1.71. 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 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 released its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. On average, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 6.3%. This is a boost from Artisan Partners Asset Management's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management's payout ratio is currently 77.66%.

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.