Romano Brothers AND Company Sells 993 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Romano Brothers AND Company lessened its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,171 shares of the asset manager’s stock after selling 993 shares during the quarter. Romano Brothers AND Company owned about 0.09% of Artisan Partners Asset Management worth $2,876,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of Artisan Partners Asset Management by 9.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,873 shares of the asset manager’s stock worth $115,000 after acquiring an additional 333 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in Artisan Partners Asset Management by 9.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,873 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 333 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Artisan Partners Asset Management by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 100,613 shares of the asset manager’s stock valued at $2,710,000 after purchasing an additional 341 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Artisan Partners Asset Management by 32.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,422 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 352 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Artisan Partners Asset Management by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 55,537 shares of the asset manager’s stock valued at $1,975,000 after acquiring an additional 393 shares during the period. Institutional investors own 89.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 0.2 %

NYSE:APAM traded down $0.06 during trading hours on Tuesday, hitting $36.90. The company had a trading volume of 79,158 shares, compared to its average volume of 674,659. The company has a market capitalization of $2.71 billion, a PE ratio of 12.78 and a beta of 1.86. The stock has a 50-day moving average price of $39.04 and a 200 day moving average price of $35.78. Artisan Partners Asset Management Inc. has a 52 week low of $25.67 and a 52 week high of $42.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.58 and a quick ratio of 0.58.

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

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.44 annualized dividend and a yield of 6.61%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.50. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 84.43%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Artisan Partners Asset Management from $40.00 to $45.00 in a report on Friday, July 21st. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.75.

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.