VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.65 Million Position in Artisan Partners Asset Management Inc. $APAM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,700 shares of the asset manager’s stock, valued at approximately $2,647,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Artisan Partners Asset Management as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Artisan Partners Asset Management by 12.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager’s stock worth $2,234,000 after purchasing an additional 6,508 shares during the last quarter. Drake & Associates LLC boosted its holdings in Artisan Partners Asset Management by 31.0% during the first quarter. Drake & Associates LLC now owns 40,174 shares of the asset manager’s stock worth $1,571,000 after purchasing an additional 9,518 shares during the last quarter. Twelve Points Wealth Management LLC boosted its holdings in Artisan Partners Asset Management by 7.6% during the first quarter. Twelve Points Wealth Management LLC now owns 77,190 shares of the asset manager’s stock worth $3,018,000 after purchasing an additional 5,478 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Artisan Partners Asset Management by 2.3% during the first quarter. Principal Financial Group Inc. now owns 349,308 shares of the asset manager’s stock worth $13,658,000 after purchasing an additional 7,972 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Artisan Partners Asset Management by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 448,003 shares of the asset manager’s stock worth $17,517,000 after purchasing an additional 6,393 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $43.68 on Wednesday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 11.62 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 52 week low of $32.75 and a 52 week high of $49.54. The firm’s 50-day simple moving average is $45.19 and its two-hundred day simple moving average is $43.11.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The business had revenue of $282.80 million for the quarter, compared to analyst estimates of $269.00 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 6.7%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, August 15th. Artisan Partners Asset Management’s payout ratio is presently 77.66%.

Analyst Ratings Changes

Several research analysts recently weighed in on APAM shares. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. Evercore ISI lowered 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. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. TD Cowen lowered 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. Finally, Royal Bank Of Canada lifted their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.00.

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.