7,233 Shares in Artisan Partners Asset Management Inc. (NYSE:APAM) Acquired by IFG Advisory LLC

IFG Advisory LLC purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,233 shares of the asset manager’s stock, valued at approximately $299,000.

Several other hedge funds have also recently bought and sold shares of APAM. Vaughan Nelson Investment Management L.P. raised its holdings in Artisan Partners Asset Management by 42.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock valued at $60,965,000 after buying an additional 397,424 shares during the period. Wasatch Advisors LP raised its stake in shares of Artisan Partners Asset Management by 25.2% during the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after purchasing an additional 318,355 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Artisan Partners Asset Management during the first quarter valued at approximately $9,907,000. Edgestream Partners L.P. purchased a new stake in shares of Artisan Partners Asset Management during the first quarter valued at approximately $7,287,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Artisan Partners Asset Management during the second quarter valued at approximately $4,531,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.6 %

Shares of NYSE:APAM opened at $41.59 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $41.10 and a 200 day simple moving average of $42.60. The firm has a market cap of $3.34 billion, a PE ratio of 12.68 and a beta of 1.81. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $270.80 million during the quarter, compared to the consensus estimate of $274.70 million. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s payout ratio is 86.59%.

Wall Street Analyst Weigh In

APAM has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price objective on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TD Cowen lifted their price objective on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, July 25th.

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.