nVerses Capital LLC Acquires New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

nVerses Capital LLC bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,500 shares of the asset manager’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of Artisan Partners Asset Management by 70.3% in the 4th quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 265 shares during the period. Sound Income Strategies LLC increased its stake in Artisan Partners Asset Management by 19.0% in the first quarter. Sound Income Strategies LLC now owns 2,064 shares of the asset manager’s stock valued at $94,000 after purchasing an additional 329 shares in the last quarter. GAMMA Investing LLC raised its holdings in Artisan Partners Asset Management by 81.5% in the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after purchasing an additional 348 shares during the period. Arden Trust Co boosted its position in shares of Artisan Partners Asset Management by 1.5% during the second quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock worth $1,089,000 after purchasing an additional 382 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Artisan Partners Asset Management by 65.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,080 shares of the asset manager’s stock valued at $49,000 after buying an additional 426 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 2.5 %

APAM stock opened at $40.57 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $3.26 billion, a P/E ratio of 12.37 and a beta of 1.81. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The business has a 50-day moving average of $41.09 and a 200-day moving average of $42.58.

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

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.71 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.84 dividend on an annualized basis and a yield of 7.00%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 86.59%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed 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. TD Cowen raised their price target on Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

About Artisan Partners Asset Management

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.