677 Shares in Artisan Partners Asset Management Inc. (NYSE:APAM) Bought by MCF Advisors LLC

MCF Advisors LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 677 shares of the asset manager’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Artisan Partners Asset Management in the first quarter worth $26,000. Allworth Financial LP raised its holdings in shares of 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 acquiring an additional 537 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Artisan Partners Asset Management by 70.3% in 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 during the last quarter. Principal Securities Inc. acquired a new position in shares of Artisan Partners Asset Management in the fourth quarter worth $31,000. Finally, Scarborough Advisors LLC acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $34,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Trading Up 1.8 %

Artisan Partners Asset Management stock traded up $0.71 during trading on Friday, hitting $41.27. The company’s stock had a trading volume of 1,676,780 shares, compared to its average volume of 396,333. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 12.58 and a beta of 1.84. The stock’s fifty day moving average is $42.83 and its 200 day moving average is $43.18. Artisan Partners Asset Management Inc. has a 1-year low of $32.12 and a 1-year high of $46.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. As a group, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Wall Street Analysts Forecast Growth

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

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.