Artisan Partners Asset Management Inc. $APAM Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lessened its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,959 shares of the asset manager’s stock after selling 295 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Artisan Partners Asset Management were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter worth about $33,000. Farther Finance Advisors LLC raised its position in shares of 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 during the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter worth about $75,000. CWM LLC raised its position in shares of Artisan Partners Asset Management by 77.0% during the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock worth $83,000 after purchasing an additional 925 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter worth about $137,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APAM. TD Cowen reduced their price target on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. 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. Finally, Royal Bank Of Canada increased 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 note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $43.49 on Thursday. The firm has a 50 day simple moving average of $44.85 and a 200-day simple moving average of $43.52. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.88 and a beta of 1.72.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 73.41%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.88 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, November 14th. This represents a $3.52 dividend on an annualized basis and a yield of 8.1%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 77.66%.

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.