FCF Advisors LLC Takes Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

FCF Advisors LLC acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,593 shares of the asset manager’s stock, valued at approximately $988,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RDA Financial Network grew its position in Artisan Partners Asset Management by 10.1% during the first quarter. RDA Financial Network now owns 8,603 shares of the asset manager’s stock valued at $394,000 after acquiring an additional 788 shares during the period. Mather Group LLC. purchased a new stake in Artisan Partners Asset Management during the first quarter valued at about $26,000. Los Angeles Capital Management LLC purchased a new stake in Artisan Partners Asset Management during the first quarter valued at about $3,274,000. Arden Trust Co boosted its position in shares of Artisan Partners Asset Management by 1.9% in the first quarter. Arden Trust Co now owns 26,009 shares of the asset manager’s stock worth $1,190,000 after buying an additional 492 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth about $925,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

Artisan Partners Asset Management Stock Up 1.8 %

Shares of NYSE:APAM traded up $0.73 during trading on Monday, hitting $41.32. The company’s stock had a trading volume of 59,216 shares, compared to its average volume of 444,000. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The stock’s 50-day moving average price is $42.99 and its two-hundred day moving average price is $43.18. The company has a market capitalization of $3.32 billion, a PE ratio of 12.38 and a beta of 1.84.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The business had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.91%. The ex-dividend date was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 74.39%.

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.