Vestmark Advisory Solutions Inc. Has $1.93 Million Stake in Artisan Partners Asset Management Inc. $APAM

Vestmark Advisory Solutions Inc. cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 53.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,567 shares of the asset manager’s stock after selling 50,485 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Artisan Partners Asset Management were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after purchasing an additional 249 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Artisan Partners Asset Management by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock worth $918,000 after buying an additional 251 shares in the last quarter. Guinness Asset Management LTD grew its holdings in shares of Artisan Partners Asset Management by 2.4% during the second quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock worth $484,000 after buying an additional 253 shares in the last quarter. Salvus Wealth Management LLC raised its position in Artisan Partners Asset Management by 5.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock valued at $246,000 after buying an additional 263 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Artisan Partners Asset Management by 1.0% in the 2nd quarter. Yousif Capital Management LLC now owns 26,077 shares of the asset manager’s stock valued at $1,156,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on APAM. Zacks Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Evercore ISI raised their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. TD Cowen dropped their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Artisan Partners Asset Management in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $44.89 on Monday. The stock has a market cap of $3.62 billion, a P/E ratio of 12.26 and a beta of 1.74. The stock has a 50 day simple moving average of $44.49 and a 200 day simple moving average of $44.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $301.30 million for the quarter, compared to analyst estimates of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. Artisan Partners Asset Management’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.88 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 79.78%.

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.