Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 59.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,409 shares of the asset manager's stock after selling 25,603 shares during the quarter. Mackenzie Financial Corp's holdings in Artisan Partners Asset Management were worth $681,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers boosted its position in Artisan Partners Asset Management by 3.1% during the first quarter. Cetera Investment Advisers now owns 18,216 shares of the asset manager's stock worth $712,000 after acquiring an additional 541 shares during the last quarter. Royce & Associates LP boosted its position in Artisan Partners Asset Management by 3.0% during the first quarter. Royce & Associates LP now owns 1,066,936 shares of the asset manager's stock worth $41,717,000 after acquiring an additional 31,211 shares during the last quarter. AE Wealth Management LLC acquired a new position in Artisan Partners Asset Management during the first quarter worth about $211,000. Burney Co. acquired a new position in Artisan Partners Asset Management during the first quarter worth about $562,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Artisan Partners Asset Management during the first quarter worth about $2,045,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, CFO Charles J. Daley, Jr. sold 15,448 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $40.45, for a total transaction of $624,871.60. Following the sale, the chief financial officer directly owned 91,363 shares in the company, valued at $3,695,633.35. This represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Samuel Bentson Sellers sold 6,801 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president owned 40,529 shares in the company, valued at approximately $1,793,002.96. This trade represents a 14.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

Analysts Set New Price Targets

APAM has been the topic of several recent analyst reports. TD Securities boosted their target price on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Royal Bank Of Canada increased their price target on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Evercore ISI dropped their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Cowen reissued a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One investment 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.30.

Artisan Partners Asset Management Trading Up 1.7%

Shares of APAM stock traded up $0.79 during trading hours on Friday, hitting $46.05. The company had a trading volume of 703,993 shares, compared to its average volume of 608,491. The company's fifty day moving average is $44.59 and its 200 day moving average is $41.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.87. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The stock has a market capitalization of $3.72 billion, a PE ratio of 12.25 and a beta of 1.69.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. During the same period in the prior year, the business posted $0.82 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.92 annualized dividend and a dividend yield of 6.3%. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 72.34%.

About Artisan Partners Asset Management

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.