Strs Ohio Buys Shares of 22,700 Artisan Partners Asset Management Inc. $APAM

Strs Ohio purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,700 shares of the asset manager's stock, valued at approximately $888,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APAM. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 167,930 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings 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 acquiring an additional 381,210 shares during the period. Victory Capital Management Inc. lifted its holdings 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 acquiring an additional 39,578 shares during the period. Royce & Associates LP raised its stake in shares of Artisan Partners Asset Management by 3.0% during the 1st quarter. Royce & Associates LP now owns 1,066,936 shares of the asset manager's stock worth $41,717,000 after buying an additional 31,211 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Artisan Partners Asset Management by 36.0% during the 1st quarter. Invesco Ltd. now owns 621,491 shares of the asset manager's stock worth $24,300,000 after buying an additional 164,612 shares during the period. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Trading Up 1.4%

APAM opened at $45.76 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 12.17 and a beta of 1.71. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The business's 50 day moving average is $46.29 and its two-hundred day moving average is $42.52. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.48.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%.The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.73 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 6.4%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 77.66%.

Analyst Ratings Changes

Several research analysts have recently weighed in on APAM shares. TD Cowen reduced their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a "hold" rating for the company in a research note on Monday. Zacks Research downgraded Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Evercore ISI upped 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 note on Friday, September 5th. Finally, Royal Bank Of Canada boosted their price target 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. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.50.

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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