Creative Planning Buys Shares of 19,150 Artisan Partners Asset Management Inc (NYSE:APAM)

Creative Planning bought a new stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) in the second quarter, Holdings Channel reports. The fund bought 19,150 shares of the asset manager’s stock, valued at approximately $622,000.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its position in shares of Artisan Partners Asset Management by 18.9% during the 2nd quarter. New York State Teachers Retirement System now owns 4,400 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 700 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $3,090,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Artisan Partners Asset Management by 121.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 55,729 shares of the asset manager’s stock valued at $1,812,000 after acquiring an additional 30,564 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $210,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Artisan Partners Asset Management by 297.9% during the 2nd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 211,506 shares of the asset manager’s stock valued at $6,873,000 after acquiring an additional 158,346 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Shares of APAM stock opened at $36.23 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.62 and a current ratio of 0.62. Artisan Partners Asset Management Inc has a fifty-two week low of $17.69 and a fifty-two week high of $38.09. The stock has a 50 day moving average price of $32.66 and a two-hundred day moving average price of $29.38. The company has a market capitalization of $2.81 billion, a P/E ratio of 12.68, a PEG ratio of 2.11 and a beta of 2.03.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. Artisan Partners Asset Management had a return on equity of 178.20% and a net margin of 20.41%. The firm had revenue of $203.00 million during the quarter, compared to the consensus estimate of $192.01 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Artisan Partners Asset Management Inc will post 2.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.67 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.68 annualized dividend and a yield of 7.40%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s payout ratio is presently 91.39%.

A number of brokerages have recently issued reports on APAM. Goldman Sachs Group upgraded Artisan Partners Asset Management from a “sell” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday. Keefe, Bruyette & Woods upgraded Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $34.00 in a research report on Thursday, April 30th. ValuEngine downgraded Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Monday, June 29th. Finally, Citigroup boosted their target price on Artisan Partners Asset Management from $41.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.17.

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.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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