Toroso Investments LLC Invests $1.04 Million in Artisan Partners Asset Management Inc. (NYSE:APAM)

Toroso Investments LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,707 shares of the asset manager’s stock, valued at approximately $1,042,000.

A number of other large investors also recently modified their holdings of APAM. FourThought Financial LLC raised its holdings in shares of Artisan Partners Asset Management by 34.9% in the 3rd quarter. FourThought Financial LLC now owns 1,206 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 312 shares during the period. Legend Financial Advisors Inc. bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at about $27,000. Clarkston Capital Partners LLC raised its holdings in shares of Artisan Partners Asset Management by 7.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 2,397,233 shares of the asset manager’s stock valued at $64,557,000 after purchasing an additional 174,115 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at about $258,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Artisan Partners Asset Management by 36.9% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 31,676 shares of the asset manager’s stock valued at $853,000 after purchasing an additional 8,532 shares during the period. 82.53% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $29.53 on Friday. The firm has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $32.15. Artisan Partners Asset Management Inc. has a 12-month low of $25.67 and a 12-month high of $40.68. The company has a market capitalization of $2.35 billion, a P/E ratio of 10.08 and a beta of 1.83. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.71.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The asset manager reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $226.00 million during the quarter, compared to the consensus estimate of $222.60 million. Artisan Partners Asset Management had a net margin of 20.82% and a return on equity of 96.97%. The firm’s quarterly revenue was down 28.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. Analysts anticipate that Artisan Partners Asset Management Inc. will post 2.57 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.90 per share. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.56. This represents a $3.60 annualized dividend and a dividend yield of 12.19%. The ex-dividend date was Monday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is 75.09%.

Insider Transactions at Artisan Partners Asset Management

In related news, EVP Samuel Bentson Sellers sold 9,790 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $36.11, for a total value of $353,516.90. Following the transaction, the executive vice president now owns 15,568 shares in the company, valued at $562,160.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APAM has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Keefe, Bruyette & Woods upped their target price on shares of Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Credit Suisse Group upped their price target on shares of Artisan Partners Asset Management from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. StockNews.com started coverage on shares of Artisan Partners Asset Management in a research note on Thursday. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group lowered shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating and decreased their price target for the company from $33.00 to $27.00 in a research note on Monday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.08.

Artisan Partners Asset Management Profile

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Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.