Bayforest Capital Ltd Invests $861,000 in Artisan Partners Asset Management Inc. $APAM

Bayforest Capital Ltd purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,431 shares of the asset manager’s stock, valued at approximately $861,000.

Several other large investors also recently modified their holdings of APAM. Vaughan Nelson Investment Management L.P. increased its stake in shares of Artisan Partners Asset Management by 25.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock worth $109,233,000 after purchasing an additional 493,300 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $17,671,000. Punch & Associates Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 3,362.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock worth $17,089,000 after purchasing an additional 424,445 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,940,562 shares of the asset manager’s stock worth $114,976,000 after purchasing an additional 167,930 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Artisan Partners Asset Management by 36.0% during the 1st quarter. Invesco Ltd. now owns 621,491 shares of the asset manager’s stock worth $24,300,000 after purchasing an additional 164,612 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $43.46 on Tuesday. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $3.51 billion, a P/E ratio of 11.56 and a beta of 1.72. The company has a fifty day moving average of $45.51 and a 200-day moving average of $42.92.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The company had revenue of $282.80 million during the quarter, compared to the consensus estimate of $269.00 million. During the same period in the previous year, the firm posted $0.82 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 6.7%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s payout ratio is presently 77.66%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APAM shares. Weiss Ratings restated a “buy (b)” rating on shares of Artisan Partners Asset Management in a research note on Saturday, September 27th. Royal Bank Of Canada raised their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. TD Cowen cut their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a report on Monday, September 15th. Evercore ISI cut their price objective on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. Finally, Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.00.

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.