Morse Asset Management Inc Has $464,000 Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Morse Asset Management Inc lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,135 shares of the asset manager’s stock after purchasing an additional 605 shares during the quarter. Morse Asset Management Inc’s holdings in Artisan Partners Asset Management were worth $464,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of Artisan Partners Asset Management by 42.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock worth $60,965,000 after acquiring an additional 397,424 shares during the period. Wasatch Advisors LP raised its holdings in shares of Artisan Partners Asset Management by 25.2% in the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after acquiring an additional 318,355 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $9,907,000. Edgestream Partners L.P. purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $7,287,000. Finally, Meritage Portfolio Management purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $4,209,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on APAM. TD Cowen raised their price target on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday.

Artisan Partners Asset Management Stock Up 1.3 %

APAM traded up $0.55 on Friday, hitting $43.71. The company had a trading volume of 347,043 shares, compared to its average volume of 539,467. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.56 and a quick ratio of 0.64. Artisan Partners Asset Management Inc. has a 52-week low of $32.12 and a 52-week high of $46.75. The stock has a fifty day simple moving average of $42.13 and a 200-day simple moving average of $42.84. The firm has a market capitalization of $3.51 billion, a P/E ratio of 13.33 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The company had revenue of $270.80 million during the quarter, compared to analysts’ expectations of $274.70 million. During the same quarter last year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.71 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Friday, August 16th. Artisan Partners Asset Management’s payout ratio is presently 74.39%.

Artisan Partners Asset Management Company 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.