19,431 Shares in Artisan Partners Asset Management Inc. $APAM Bought by Bayforest Capital Ltd

Bayforest Capital Ltd bought a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 19,431 shares of the asset manager’s stock, valued at approximately $861,000.

A number of other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Artisan Partners Asset Management by 24.1% in the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 249 shares during the period. Maryland State Retirement & Pension System increased its position 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 acquiring an additional 251 shares during the period. Salvus Wealth Management LLC increased its position in shares of Artisan Partners Asset Management by 5.0% in the second quarter. Salvus Wealth Management LLC now owns 5,554 shares of the asset manager’s stock valued at $246,000 after acquiring an additional 263 shares during the period. Yousif Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 1.0% in the second 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 during the period. Finally, Vident Advisory LLC increased its position in shares of Artisan Partners Asset Management by 1.8% in the first 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 during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on APAM shares. Evercore ISI decreased their price objective on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, October 9th. TD Cowen decreased their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, September 15th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Royal Bank Of Canada boosted 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Artisan Partners Asset Management in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $43.46 on Tuesday. The stock has a market cap of $3.51 billion, a PE ratio of 11.56 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The firm’s 50-day simple moving average is $45.51 and its two-hundred day simple moving average is $42.92.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share 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 analysts’ expectations of $269.00 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.73 dividend. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Friday, August 15th. Artisan Partners Asset Management’s payout ratio 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.