UniSuper Management Pty Ltd purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,029 shares of the asset manager’s stock, valued at approximately $734,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Artisan Partners Asset Management by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after purchasing an additional 75,304 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Artisan Partners Asset Management by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,934,002 shares of the asset manager’s stock valued at $85,444,000 after purchasing an additional 12,977 shares during the last quarter. Wasatch Advisors LP grew its position in Artisan Partners Asset Management by 25.2% during the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Artisan Partners Asset Management by 42.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock valued at $60,965,000 after purchasing an additional 397,424 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Artisan Partners Asset Management by 11.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock worth $18,314,000 after buying an additional 42,522 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.
Artisan Partners Asset Management Trading Up 2.8 %
NYSE APAM traded up $1.18 during mid-day trading on Thursday, hitting $42.61. The company’s stock had a trading volume of 13,461 shares, compared to its average volume of 458,684. The firm has a market capitalization of $3.42 billion, a P/E ratio of 12.62 and a beta of 1.81. The stock’s fifty day simple moving average is $42.19 and its two-hundred day simple moving average is $42.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. Artisan Partners Asset Management Inc. has a 52-week low of $32.12 and a 52-week high of $46.75.
Artisan Partners Asset Management Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 6.67%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, August 16th. Artisan Partners Asset Management’s dividend payout ratio is 74.39%.
Wall Street Analysts Forecast Growth
Separately, TD Cowen dropped their price objective on shares of Artisan Partners Asset Management from $42.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, July 8th.
Get Our Latest Stock Analysis on Artisan Partners Asset Management
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.
Featured Stories
- Five stocks we like better than Artisan Partners Asset Management
- Following Congress Stock Trades
- Conviction Firms For Chipotle Stock’s 25% Share Price Increase
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Beauty Retailer Stock Brings Early Christmas for Value Investors
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Ford Stock EPS Disappoints, Shares Plummet After-Hours
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 – Free Report).
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.