Vaughan Nelson Investment Management L.P. Increases Stock Position in Artisan Partners Asset Management Inc. $APAM

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Artisan Partners Asset Management by 25.0% during the second quarter, owning 2,464,096 shares now, which makes Artisan 29th in its portfolio.
• Artisan Partners Asset Management reported $0.83 earnings per share for the last quarter, exceeding analyst expectations, with revenue up 4.4% year-over-year.
• The company announced a quarterly dividend of $0.73 per share, up from $0.68, representing an annualized yield of 6.7%.

Vaughan Nelson Investment Management L.P. increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 25.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,464,096 shares of the asset manager's stock after purchasing an additional 493,300 shares during the quarter. Artisan Partners Asset Management accounts for 1.0% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 29th largest position. Vaughan Nelson Investment Management L.P. owned 3.05% of Artisan Partners Asset Management worth $109,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Artisan Partners Asset Management by 12.9% in 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 purchasing an additional 6,508 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Artisan Partners Asset Management in the first quarter valued at $275,000. Drake & Associates LLC boosted its stake in shares of 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 valued at $1,571,000 after purchasing an additional 9,518 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Artisan Partners Asset Management by 2.3% in the first quarter. Principal Financial Group Inc. now owns 349,308 shares of the asset manager's stock valued at $13,658,000 after purchasing an additional 7,972 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its stake in shares of 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 valued at $3,018,000 after purchasing an additional 5,478 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Up 2.0%

Shares of NYSE:APAM opened at $43.89 on Friday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 11.67 and a beta of 1.72. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The company's fifty day moving average is $45.77 and its two-hundred day moving average is $42.77. 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 (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The company had revenue of $282.80 million for the quarter, compared to analysts' expectations of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.7%. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management's dividend payout ratio is currently 77.66%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APAM shares. Zacks Research downgraded shares of Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Royal Bank Of Canada increased their price objective 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 increased their price objective on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. TD Cowen reduced their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a "hold" rating on the stock in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Artisan Partners Asset Management in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.50.

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.

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