MetLife Investment Management LLC increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,319 shares of the asset manager’s stock after acquiring an additional 1,746 shares during the quarter. MetLife Investment Management LLC’s holdings in Artisan Partners Asset Management were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of APAM. Raymond James Financial Services Advisors Inc. increased its stake in shares of Artisan Partners Asset Management by 26.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,715 shares of the asset manager’s stock worth $1,091,000 after acquiring an additional 5,731 shares in the last quarter. Bank of New York Mellon Corp grew its position in Artisan Partners Asset Management by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 832,958 shares of the asset manager’s stock valued at $32,777,000 after purchasing an additional 24,651 shares during the last quarter. HighTower Advisors LLC grew its position in Artisan Partners Asset Management by 19.9% during the 1st quarter. HighTower Advisors LLC now owns 22,175 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 3,673 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Artisan Partners Asset Management during the 1st quarter valued at about $256,000. Finally, Citigroup Inc. grew its position in Artisan Partners Asset Management by 134.5% during the 1st quarter. Citigroup Inc. now owns 41,939 shares of the asset manager’s stock valued at $1,650,000 after purchasing an additional 24,053 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors.
Insider Transactions at Artisan Partners Asset Management
In other news, EVP Samuel Bentson Sellers sold 9,790 shares of the stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $36.11, for a total value of $353,516.90. Following the transaction, the executive vice president now owns 15,568 shares in the company, valued at approximately $562,160.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 19.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Artisan Partners Asset Management Stock Performance
Shares of NYSE APAM opened at $33.22 on Thursday. The firm’s 50-day moving average price is $34.18 and its 200-day moving average price is $32.56. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.64 billion, a PE ratio of 11.34 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 52-week low of $25.67 and a 52-week high of $40.68.
Artisan Partners Asset Management (NYSE:APAM – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The asset manager reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. Artisan Partners Asset Management had a net margin of 20.82% and a return on equity of 99.80%. The firm had revenue of $226.00 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter in the prior year, the business earned $1.29 EPS. The business’s quarterly revenue was down 28.3% on a year-over-year basis. As a group, analysts anticipate that Artisan Partners Asset Management Inc. will post 2.57 EPS for the current year.
Artisan Partners Asset Management Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 10.84%. The ex-dividend date was Monday, February 13th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.56. Artisan Partners Asset Management’s dividend payout ratio is 75.09%.
About Artisan Partners Asset Management
Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.
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