Martingale Asset Management L P Has $2.20 Million Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Martingale Asset Management L P raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,226 shares of the asset manager’s stock after acquiring an additional 5,794 shares during the quarter. Martingale Asset Management L P owned about 0.07% of Artisan Partners Asset Management worth $2,198,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Artisan Partners Asset Management in the first quarter valued at approximately $137,000. Versor Investments LP raised its position in shares of Artisan Partners Asset Management by 87.1% in the first quarter. Versor Investments LP now owns 9,021 shares of the asset manager’s stock valued at $353,000 after purchasing an additional 4,200 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Artisan Partners Asset Management by 11.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 7,232 shares of the asset manager’s stock valued at $283,000 after purchasing an additional 739 shares during the period. American Century Companies Inc. raised its position in shares of Artisan Partners Asset Management by 6.6% in the first quarter. American Century Companies Inc. now owns 47,013 shares of the asset manager’s stock valued at $1,838,000 after purchasing an additional 2,928 shares during the period. Finally, Measured Risk Portfolios Inc. raised its position in shares of Artisan Partners Asset Management by 6.4% in the first quarter. Measured Risk Portfolios Inc. now owns 36,682 shares of the asset manager’s stock valued at $1,434,000 after purchasing an additional 2,221 shares during the period. Institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of 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. Evercore ISI dropped their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an “in-line” rating on the stock in a research report on Thursday, May 1st. TD Securities lifted their price target on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus price target of $39.30.

Artisan Partners Asset Management Trading Up 3.8%

Shares of APAM stock opened at $46.6580 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The firm’s fifty day simple moving average is $45.63 and its 200 day simple moving average is $42.14. The firm has a market capitalization of $3.77 billion, a P/E ratio of 12.41 and a beta of 1.69. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results 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. The business had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. Artisan Partners Asset Management’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued 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 is Friday, August 15th. This represents a $2.92 annualized dividend and a yield of 6.3%. Artisan Partners Asset Management’s payout ratio is presently 77.66%.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, CFO Charles J. Daley, Jr. sold 15,448 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $40.45, for a total value of $624,871.60. Following the sale, the chief financial officer owned 91,363 shares of the company’s stock, valued at $3,695,633.35. The trade was a 14.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.53% of the stock is owned by company insiders.

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.