Jupiter Asset Management Ltd. Invests $9.91 Million in Artisan Partners Asset Management Inc. (NYSE:APAM)

Jupiter Asset Management Ltd. acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the first quarter, Holdings Channel.com reports. The fund acquired 216,457 shares of the asset manager’s stock, valued at approximately $9,907,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APAM. Mather Group LLC. purchased a new position in Artisan Partners Asset Management during the first quarter valued at approximately $26,000. Allworth Financial LP grew its position in Artisan Partners Asset Management by 716.0% during the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 537 shares in the last quarter. Quadrant Capital Group LLC grew its position in 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 valued at $28,000 after purchasing an additional 265 shares in the last quarter. Principal Securities Inc. purchased a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $31,000. Finally, MCF Advisors LLC purchased a new position in Artisan Partners Asset Management during the first quarter valued at approximately $31,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Down 2.1 %

NYSE APAM traded down $0.91 during trading on Friday, reaching $42.09. The company’s stock had a trading volume of 414,695 shares, compared to its average volume of 523,008. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3.38 billion, a PE ratio of 12.83 and a beta of 1.81. The business has a 50-day moving average price of $42.40 and a 200-day moving average price of $42.85. Artisan Partners Asset Management Inc. has a 1-year low of $32.12 and a 1-year high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. Artisan Partners Asset Management’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. On average, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Analyst Ratings Changes

Separately, TD Cowen lowered 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 report on Monday, July 8th.

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.