RDA Financial Network purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,239 shares of the asset manager's stock, valued at approximately $222,000.
A number of other institutional investors have also recently added to or reduced their stakes in APAM. Geneos Wealth Management Inc. lifted its holdings in Artisan Partners Asset Management by 95.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager's stock worth $33,000 after buying an additional 410 shares in the last quarter. Signaturefd LLC lifted its holdings in Artisan Partners Asset Management by 145.6% in the 1st quarter. Signaturefd LLC now owns 813 shares of the asset manager's stock worth $32,000 after buying an additional 482 shares in the last quarter. Logan Capital Management Inc. raised its stake in shares of Artisan Partners Asset Management by 45.6% in the 1st quarter. Logan Capital Management Inc. now owns 1,540 shares of the asset manager's stock valued at $61,000 after purchasing an additional 482 shares in the last quarter. KB Financial Partners LLC raised its stake in shares of Artisan Partners Asset Management by 10.6% in the 4th quarter. KB Financial Partners LLC now owns 6,145 shares of the asset manager's stock valued at $293,000 after purchasing an additional 588 shares in the last quarter. Finally, Navellier & Associates Inc. raised its stake in shares of Artisan Partners Asset Management by 3.6% in the 4th quarter. Navellier & Associates Inc. now owns 17,471 shares of the asset manager's stock valued at $832,000 after purchasing an additional 610 shares in the last quarter. 80.86% of the stock is owned by hedge funds and other institutional investors.
Get Artisan Partners Asset Management alerts:Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on APAM shares. The Goldman Sachs Group cut their target price on shares of Artisan Partners Asset Management from $33.50 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, July 14th. Evercore ISI upped their target price on shares of Artisan Partners Asset Management to $35.00 in a research note on Tuesday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Artisan Partners Asset Management from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.50.
Artisan Partners Asset Management Price Performance
NYSE APAM opened at $31.56 on Wednesday. Artisan Partners Asset Management Inc. has a 52 week low of $31.23 and a 52 week high of $52.42. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 7.75 and a beta of 1.73. The company has a 50-day moving average price of $35.87 and a two-hundred day moving average price of $36.39. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.82.Artisan Partners Asset Management (NYSE:APAM – Get Rating) last released its earnings results on Tuesday, August 2nd. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.05). Artisan Partners Asset Management had a return on equity of 131.59% and a net margin of 24.10%. The company had revenue of $251.40 million during the quarter, compared to analysts' expectations of $264.51 million. During the same quarter in the previous year, the company earned $1.28 EPS. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.17 EPS for the current year.
Artisan Partners Asset Management Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, August 16th. Artisan Partners Asset Management's payout ratio is 58.97%.
Artisan Partners Asset Management Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Artisan Partners Asset Management (APAM)
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- Is Ford Rolling To A Rebound After Its Q3 Warning
- If You're Hungry for Value, Take a Bite on Ruth's Hospitality Grp
- Has AMD stock stock fallen too far?
Want to see what other hedge funds are holding APAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating).
Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.