Dynamic Technology Lab Private Ltd Sells 7,586 Shares of Artisan Partners Asset Management Inc. $APAM

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 cut its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 30.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,544 shares of the asset manager's stock after selling 7,586 shares during the period. 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.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Artisan Partners Asset Management by 12.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager's stock valued at $2,234,000 after buying an additional 6,508 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Artisan Partners Asset Management in the first quarter worth about $275,000. Drake & Associates LLC boosted its position in Artisan Partners Asset Management by 31.0% in the first quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager's stock worth $1,571,000 after purchasing an additional 9,518 shares during the last quarter. Squarepoint Ops LLC boosted its position in Artisan Partners Asset Management by 80.2% in the fourth quarter. Squarepoint Ops LLC now owns 19,397 shares of the asset manager's stock worth $835,000 after purchasing an additional 8,633 shares during the last quarter. Finally, Twelve Points Wealth Management LLC boosted its position in Artisan Partners Asset Management by 7.6% in the first quarter. Twelve Points Wealth Management LLC now owns 77,190 shares of the asset manager's stock worth $3,018,000 after purchasing an additional 5,478 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APAM has been the topic of several research reports. Royal Bank Of Canada raised their target price on 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. Wall Street Zen raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Evercore ISI raised their target price on 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. TD Cowen dropped their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Zacks Research downgraded Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of "Hold" and a consensus target price of $43.50.

Artisan Partners Asset Management Price Performance

NYSE:APAM traded down $0.71 during trading hours on Monday, reaching $45.64. The stock had a trading volume of 93,241 shares, compared to its average volume of 560,823. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The company has a 50 day moving average price of $46.44 and a two-hundred day moving average price of $42.43. The stock has a market capitalization of $3.68 billion, a PE ratio of 12.14 and a beta of 1.71.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The business had revenue of $282.80 million for the quarter, compared to the consensus estimate of $269.00 million. During the same quarter in the previous year, the company posted $0.82 EPS. The company's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio is presently 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.