Measured Wealth Private Client Group LLC Boosts Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Measured Wealth Private Client Group LLC boosted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,366 shares of the asset manager’s stock after buying an additional 1,480 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $1,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in APAM. Vaughan Nelson Investment Management L.P. lifted its holdings in Artisan Partners Asset Management by 42.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock worth $60,965,000 after buying an additional 397,424 shares in the last quarter. Wasatch Advisors LP lifted its holdings 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 buying an additional 318,355 shares in the last quarter. Invesco Ltd. lifted its holdings in Artisan Partners Asset Management by 30.3% during the 3rd quarter. Invesco Ltd. now owns 361,111 shares of the asset manager’s stock worth $13,513,000 after buying an additional 83,998 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in Artisan Partners Asset Management by 28.1% during the 4th quarter. Heartland Advisors Inc. now owns 367,093 shares of the asset manager’s stock worth $17,608,000 after buying an additional 80,549 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after buying an additional 75,304 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Artisan Partners Asset Management Stock Down 0.0 %

Shares of APAM traded down $0.02 during midday trading on Tuesday, reaching $40.20. The stock had a trading volume of 374,706 shares, compared to its average volume of 454,809. Artisan Partners Asset Management Inc. has a 1-year low of $32.12 and a 1-year high of $46.75. The company’s fifty day simple moving average is $42.72 and its two-hundred day simple moving average is $43.15. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 12.26 and a beta of 1.81. 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 (NYSE:APAM) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.07%. The ex-dividend date was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 74.39%.

Artisan Partners Asset Management 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.