Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,135 shares of the asset manager’s stock after buying an additional 605 shares during the quarter. Morse Asset Management Inc’s holdings in Artisan Partners Asset Management were worth $464,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APAM. Ritholtz Wealth Management lifted its holdings in Artisan Partners Asset Management by 22.2% in the fourth quarter. Ritholtz Wealth Management now owns 21,492 shares of the asset manager’s stock worth $950,000 after purchasing an additional 3,906 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Artisan Partners Asset Management in the fourth quarter worth about $37,000. AlphaMark Advisors LLC lifted its holdings in Artisan Partners Asset Management by 4.0% in the 4th quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock valued at $298,000 after acquiring an additional 261 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings in Artisan Partners Asset Management by 12.0% in the 4th quarter. Integrated Investment Consultants LLC now owns 11,019 shares of the asset manager’s stock valued at $487,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Artisan Partners Asset Management by 77.9% in the 4th quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 522 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

NYSE APAM traded up $0.55 on Friday, reaching $43.71. The company’s stock had a trading volume of 347,043 shares, compared to its average volume of 539,467. Artisan Partners Asset Management Inc. has a twelve month low of $32.12 and a twelve month high of $46.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 0.56. The stock has a market cap of $3.51 billion, a PE ratio of 13.33 and a beta of 1.81. The firm’s 50 day moving average is $42.13 and its two-hundred day moving average is $42.84.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $270.80 million for the quarter, compared to analyst estimates of $274.70 million. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. Artisan Partners Asset Management’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Friday, August 16th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s payout ratio is presently 74.39%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APAM shares. TD Cowen upped their price target on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday.

Artisan Partners Asset Management Company 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.