Richard P Slaughter Associates Inc Increases Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Richard P Slaughter Associates Inc increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,601 shares of the asset manager’s stock after purchasing an additional 1,725 shares during the quarter. Richard P Slaughter Associates Inc owned 0.07% of Artisan Partners Asset Management worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Artisan Partners Asset Management by 5.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,876,994 shares of the asset manager’s stock valued at $219,926,000 after purchasing an additional 382,572 shares during the period. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,439,054 shares of the asset manager’s stock valued at $173,404,000 after acquiring an additional 92,289 shares during the last quarter. BlackRock Inc. boosted its stake in Artisan Partners Asset Management by 1.1% during the 1st quarter. BlackRock Inc. now owns 5,092,524 shares of the asset manager’s stock valued at $200,390,000 after acquiring an additional 57,485 shares during the last quarter. Morgan Stanley boosted its stake in Artisan Partners Asset Management by 138.0% during the 4th quarter. Morgan Stanley now owns 1,817,495 shares of the asset manager’s stock valued at $53,980,000 after acquiring an additional 1,053,748 shares during the last quarter. Finally, Wasatch Advisors LP boosted its stake in Artisan Partners Asset Management by 20.8% during the 1st quarter. Wasatch Advisors LP now owns 1,786,292 shares of the asset manager’s stock valued at $57,126,000 after acquiring an additional 307,907 shares during the last quarter. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Down 1.1 %

Artisan Partners Asset Management stock opened at $37.17 on Friday. The firm’s 50-day moving average is $39.12 and its 200-day moving average is $35.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.58. Artisan Partners Asset Management Inc. has a 1 year low of $25.67 and a 1 year high of $42.97. The company has a market cap of $2.73 billion, a P/E ratio of 12.86 and a beta of 1.86.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Artisan Partners Asset Management had a net margin of 21.49% and a return on equity of 77.65%. The company had revenue of $242.90 million for the quarter, compared to the consensus estimate of $245.55 million. During the same period last year, the firm posted $0.79 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post 2.93 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a $0.61 dividend. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.50. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Wednesday, August 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 84.43%.

Analyst Ratings Changes

A number of research firms have commented on APAM. Royal Bank of Canada increased their price objective on shares of Artisan Partners Asset Management from $40.00 to $45.00 in a research note on Friday, July 21st. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Artisan Partners Asset Management Company 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.