Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 67,047.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 253,816 shares of the asset manager's stock after purchasing an additional 253,438 shares during the period. Harbor Capital Advisors Inc. owned about 0.32% of Artisan Partners Asset Management worth $9,924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APAM. Bank of Montreal Can raised its holdings in Artisan Partners Asset Management by 40.2% in the fourth quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager's stock worth $674,000 after purchasing an additional 4,485 shares in the last quarter. Principal Financial Group Inc. lifted its position in Artisan Partners Asset Management by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock valued at $14,695,000 after acquiring an additional 10,802 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter valued at approximately $255,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Artisan Partners Asset Management by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager's stock valued at $2,225,000 after acquiring an additional 7,966 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Artisan Partners Asset Management in the fourth quarter worth $352,000. 86.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $44.24, for a total value of $300,876.24. Following the completion of the transaction, the executive vice president now directly owns 40,529 shares of the company's stock, valued at approximately $1,793,002.96. The trade was a 14.37% 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. Also, CFO Charles J. Daley, Jr. sold 15,448 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total transaction of $624,871.60. Following the sale, the chief financial officer now directly owns 91,363 shares in the company, valued at $3,695,633.35. The trade was a 14.46% decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock traded up $0.55 during mid-day trading on Tuesday, reaching $41.91. The stock had a trading volume of 408,405 shares, compared to its average volume of 495,347. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 11.51 and a beta of 1.70. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The business's fifty day moving average is $38.82 and its 200-day moving average is $41.89.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. Artisan Partners Asset Management's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. On average, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.72 dividend on an annualized basis and a yield of 6.49%. Artisan Partners Asset Management's dividend payout ratio is presently 75.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APAM shares. Evercore ISI reduced their price target on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada upped their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. TD Cowen decreased their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.90.

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.