Vaughan Nelson Investment Management L.P. Purchases 381,210 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Vaughan Nelson Investment Management L.P. boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 24.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,970,796 shares of the asset manager's stock after purchasing an additional 381,210 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 2.45% of Artisan Partners Asset Management worth $77,057,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,097,132 shares of the asset manager's stock worth $348,582,000 after purchasing an additional 78,979 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Artisan Partners Asset Management by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after purchasing an additional 128,717 shares during the period. Geode Capital Management LLC lifted its position in Artisan Partners Asset Management by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager's stock worth $78,092,000 after purchasing an additional 38,284 shares during the period. Channing Capital Management LLC grew its stake in Artisan Partners Asset Management by 14.5% during the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after buying an additional 224,455 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Artisan Partners Asset Management by 6.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,189,165 shares of the asset manager's stock valued at $51,194,000 after buying an additional 67,079 shares during the period. 86.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. Evercore ISI decreased 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 note on Thursday, May 1st. TD Cowen lowered their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, TD Securities raised their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.90.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM traded up $0.52 during midday trading on Wednesday, reaching $42.32. 251,461 shares of the company were exchanged, compared to its average volume of 497,617. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.51. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54. The stock has a market cap of $3.41 billion, a P/E ratio of 11.69 and a beta of 1.70. The stock's 50-day moving average price is $39.67 and its 200-day moving average price is $41.69.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 73.48% and a net margin of 23.24%. The company had revenue of $277.10 million for the quarter, compared to analysts' expectations of $281.15 million. During the same period in the previous year, the business posted $0.76 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. On average, 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's payout ratio is 75.14%.

Insider Buying and Selling at Artisan Partners Asset Management

In other news, CFO Charles J. Daley, Jr. sold 15,448 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total value of $624,871.60. Following the completion of the sale, the chief financial officer now owns 91,363 shares of the company's stock, valued at approximately $3,695,633.35. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Samuel Bentson Sellers sold 6,801 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $44.24, for a total value of $300,876.24. Following the transaction, the executive vice president now owns 40,529 shares of the company's stock, valued at $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.

Artisan Partners Asset Management Company 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.