64,926 Shares in Artisan Partners Asset Management Inc (APAM) Purchased by Dupont Capital Management Corp

Dupont Capital Management Corp acquired a new stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) in the first quarter, HoldingsChannel reports. The institutional investor acquired 64,926 shares of the asset manager’s stock, valued at approximately $1,634,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of APAM. Comerica Bank increased its position in Artisan Partners Asset Management by 15.2% during the 4th quarter. Comerica Bank now owns 11,801 shares of the asset manager’s stock worth $270,000 after purchasing an additional 1,556 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Artisan Partners Asset Management by 44.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 412,800 shares of the asset manager’s stock valued at $9,127,000 after buying an additional 127,731 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at approximately $4,342,000. Nisa Investment Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 60.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 63,200 shares of the asset manager’s stock valued at $1,397,000 after buying an additional 23,900 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Artisan Partners Asset Management by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 729,959 shares of the asset manager’s stock valued at $16,139,000 after buying an additional 16,398 shares during the last quarter. 63.55% of the stock is owned by institutional investors.

In related news, insider Jason A. Gottlieb sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total transaction of $261,800.00. Following the sale, the insider now directly owns 101,710 shares of the company’s stock, valued at approximately $2,662,767.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.44% of the company’s stock.

APAM stock opened at $28.04 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.30. The company has a market cap of $2.19 billion, a P/E ratio of 10.50, a PEG ratio of 1.57 and a beta of 1.78. Artisan Partners Asset Management Inc has a 12-month low of $20.16 and a 12-month high of $35.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $187.00 million for the quarter, compared to analyst estimates of $186.26 million. Artisan Partners Asset Management had a return on equity of 172.79% and a net margin of 18.48%. The business’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. Sell-side analysts expect that Artisan Partners Asset Management Inc will post 2.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is currently 76.19%.

Several equities analysts have recently commented on APAM shares. Zacks Investment Research upgraded Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Citigroup cut Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. Bank of America set a $25.00 target price on Artisan Partners Asset Management and gave the company a “sell” rating in a research note on Tuesday, April 9th. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Artisan Partners Asset Management presently has an average rating of “Hold” and an average price target of $29.60.

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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.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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