Artisan Partners Asset Management (NYSE:APAM) Reaches New 12-Month High at $45.94

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week high on Thursday . The stock traded as high as $45.94 and last traded at $45.68, with a volume of 83159 shares traded. The stock had previously closed at $45.56.

Wall Street Analysts Forecast Growth

APAM has been the subject of several research reports. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th. TD Cowen initiated coverage on shares of Artisan Partners Asset Management in a report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price objective on the stock.

Artisan Partners Asset Management Trading Up 0.5 %

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.66 billion, a P/E ratio of 14.42 and a beta of 1.85. The business has a 50 day moving average of $42.94 and a 200-day moving average of $40.01.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The firm had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $249.90 million. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.31 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a dividend of $1.02 per share. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a dividend yield of 5.5%. Artisan Partners Asset Management’s payout ratio is presently 86.08%.

Insider Buying and Selling

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 18.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in Artisan Partners Asset Management by 716.0% in the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after purchasing an additional 537 shares during the period. First Capital Advisors Group LLC. bought a new position in shares of Artisan Partners Asset Management in the second quarter valued at $25,000. Quadrant Capital Group LLC increased its position in shares of Artisan Partners Asset Management by 70.3% during the fourth quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock worth $28,000 after acquiring an additional 265 shares in the last quarter. Private Trust Co. NA boosted its stake in Artisan Partners Asset Management by 458.3% during the 3rd quarter. Private Trust Co. NA now owns 670 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 550 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Artisan Partners Asset Management during the 1st quarter worth approximately $26,000. 86.45% of the stock is owned by institutional investors and hedge funds.

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.