Moran Wealth Management LLC cut its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,623 shares of the asset manager’s stock after selling 6,688 shares during the period. Moran Wealth Management LLC’s holdings in Artisan Partners Asset Management were worth $2,155,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of APAM. Farther Finance Advisors LLC increased its stake in Artisan Partners Asset Management by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after purchasing an additional 249 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Artisan Partners Asset Management by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after buying an additional 251 shares during the period. Salvus Wealth Management LLC increased its position in shares of Artisan Partners Asset Management by 5.0% during the second quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock worth $246,000 after acquiring an additional 263 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Artisan Partners Asset Management by 1.0% during the second quarter. Yousif Capital Management LLC now owns 26,077 shares of the asset manager’s stock worth $1,156,000 after acquiring an additional 265 shares during the period. Finally, Vident Advisory LLC lifted its position in Artisan Partners Asset Management by 1.8% in the 1st quarter. Vident Advisory LLC now owns 15,577 shares of the asset manager’s stock valued at $609,000 after acquiring an additional 278 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.
Artisan Partners Asset Management Stock Performance
APAM opened at $44.18 on Thursday. The business’s 50-day simple moving average is $45.41 and its 200 day simple moving average is $42.94. 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 firm has a market capitalization of $3.57 billion, a PE ratio of 11.75 and a beta of 1.72.
Artisan Partners Asset Management Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.73 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. 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 6.6%. Artisan Partners Asset Management’s payout ratio is 77.66%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their target price on 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 decreased their price objective on 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Tuesday. Evercore ISI reduced their price target on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, October 9th. Finally, Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.00.
Read Our Latest Report on Artisan Partners Asset Management
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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