Artisan Partners Asset Management (NYSE:APAM) EVP Sells $298,130.00 in Stock

Artisan Partners Asset Management Inc. (NYSE:APAM) EVP Gregory Ramirez sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total transaction of $298,130.00. Following the transaction, the executive vice president owned 109,194 shares of the company’s stock, valued at approximately $4,650,572.46. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Artisan Partners Asset Management Stock Up 0.2%

NYSE APAM opened at $42.12 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day simple moving average is $38.70 and its 200 day simple moving average is $38.40. Artisan Partners Asset Management Inc. has a 12 month low of $33.96 and a 12 month high of $47.57. The company has a market capitalization of $3.41 billion, a P/E ratio of 10.22 and a beta of 1.67.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $307.91 million during the quarter, compared to analysts’ expectations of $301.32 million. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.91 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.6%. Artisan Partners Asset Management’s payout ratio is currently 77.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APAM. Evercore set a $36.00 target price on Artisan Partners Asset Management in a report on Friday, July 10th. Zacks Research downgraded Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. TD Cowen increased their price target on Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Reduce” and a consensus target price of $38.00.

Institutional Investors Weigh In On Artisan Partners Asset Management

Several hedge funds have recently bought and sold shares of APAM. Trust Co. of Vermont purchased a new position in Artisan Partners Asset Management during the 2nd quarter valued at about $28,000. Triumph Capital Management lifted its position in shares of Artisan Partners Asset Management by 112.5% in the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth approximately $37,000. IFP Advisors Inc boosted its holdings in shares of Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after purchasing an additional 300 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Artisan Partners Asset Management during the second quarter worth approximately $40,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.