XTX Topco Ltd Acquires New Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

XTX Topco Ltd purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,045 shares of the asset manager's stock, valued at approximately $549,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Artisan Partners Asset Management in the 4th quarter valued at about $20,607,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Artisan Partners Asset Management by 24.0% during the 1st 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 purchasing an additional 381,210 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Artisan Partners Asset Management by 67,047.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 253,816 shares of the asset manager's stock valued at $9,924,000 after purchasing an additional 253,438 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Artisan Partners Asset Management by 98.2% during the 4th quarter. Millennium Management LLC now owns 439,057 shares of the asset manager's stock valued at $18,901,000 after purchasing an additional 217,552 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Artisan Partners Asset Management by 3,041.5% during the 4th quarter. Hsbc Holdings PLC now owns 150,730 shares of the asset manager's stock valued at $6,495,000 after purchasing an additional 145,932 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APAM shares. Royal Bank Of Canada boosted their target price on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. TD Securities increased their price target on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Cowen restated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. Finally, Evercore ISI lowered their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management has a consensus rating of "Hold" and an average target price of $39.30.

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 company'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 value of $624,871.60. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Also, EVP Samuel Bentson Sellers sold 6,801 shares of the company'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 owned 40,529 shares of the company's stock, valued at $1,793,002.96. The trade was 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 Trading Up 1.7%

NYSE:APAM 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. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The company has a market capitalization of $3.72 billion, a PE ratio of 12.25 and a beta of 1.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a 50-day moving average price of $44.59 and a 200 day moving average price of $41.98.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) 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%. Artisan Partners Asset Management's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.3%. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's payout ratio is currently 72.34%.

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.