Vaughan Nelson Investment Management L.P. Decreases Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Vaughan Nelson Investment Management L.P. lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,295,286 shares of the asset manager’s stock after selling 168,810 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Artisan Partners Asset Management were worth $99,615,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Carolina Wealth Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management during the 3rd quarter valued at $55,000. Farther Finance Advisors LLC grew its position in Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after buying an additional 249 shares during the period. Atlantic Union Bankshares Corp bought a new position in Artisan Partners Asset Management during the second quarter valued at about $57,000. Smartleaf Asset Management LLC increased its holdings in Artisan Partners Asset Management by 31.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after buying an additional 350 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Artisan Partners Asset Management in the second quarter worth about $75,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $43.33 on Wednesday. The firm has a market cap of $3.50 billion, a P/E ratio of 11.84 and a beta of 1.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $42.21 and its 200-day moving average is $44.28. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The company had revenue of $301.29 million during the quarter, compared to the consensus estimate of $300.90 million. During the same period last year, the firm earned $0.92 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 8.1%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, November 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 96.17%.

Analysts Set New Price Targets

APAM has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. TD Cowen dropped their price objective on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, September 15th. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.25.

Artisan Partners Asset Management Profile

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.