Kestra Investment Management LLC Raises Position in Artisan Partners Asset Management Inc. $APAM

Kestra Investment Management LLC grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 32.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,878 shares of the asset manager’s stock after buying an additional 15,792 shares during the period. Kestra Investment Management LLC owned approximately 0.08% of Artisan Partners Asset Management worth $2,498,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in APAM. Nuveen LLC purchased a new position in shares of Artisan Partners Asset Management during the first quarter valued at approximately $17,671,000. Punch & Associates Investment Management Inc. raised its holdings in shares of Artisan Partners Asset Management by 3,362.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock valued at $17,089,000 after purchasing an additional 424,445 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Artisan Partners Asset Management by 24.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,970,796 shares of the asset manager’s stock valued at $77,057,000 after purchasing an additional 381,210 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Artisan Partners Asset Management by 67,047.1% during the first quarter. Harbor Capital Advisors Inc. now owns 253,816 shares of the asset manager’s stock valued at $9,924,000 after purchasing an additional 253,438 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Artisan Partners Asset Management by 98.2% during the fourth quarter. Millennium Management LLC now owns 439,057 shares of the asset manager’s stock valued at $18,901,000 after purchasing an additional 217,552 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Down 1.4%

Shares of Artisan Partners Asset Management stock opened at $46.32 on Friday. The company’s fifty day simple moving average is $46.36 and its 200-day simple moving average is $42.29. The stock has a market capitalization of $3.74 billion, a PE ratio of 12.32 and a beta of 1.71. 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.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. As a group, equities analysts anticipate 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 paid a dividend of $0.73 per share. The ex-dividend date was Friday, August 15th. This represents a $2.92 annualized dividend and a dividend yield of 6.3%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.68. Artisan Partners Asset Management’s dividend payout ratio is 77.66%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APAM. Evercore ISI boosted their price objective on shares of Artisan Partners Asset Management from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Friday. Royal Bank Of Canada boosted their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.90.

About Artisan Partners Asset Management

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.