Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,434,391 shares of the asset manager's stock after acquiring an additional 102,421 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.78% of Artisan Partners Asset Management worth $59,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Artisan Partners Asset Management during the first quarter valued at approximately $26,000. Quadrant Capital Group LLC boosted its holdings in shares of Artisan Partners Asset Management by 70.3% during the 4th quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager's stock valued at $28,000 after buying an additional 265 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth about $31,000. Principal Securities Inc. bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth about $31,000. Finally, Scarborough Advisors LLC purchased a new position in Artisan Partners Asset Management during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on APAM. Royal Bank of Canada restated an "outperform" rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, July 29th. TD Cowen raised their price objective on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Finally, StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Friday, July 26th.

Artisan Partners Asset Management Stock Performance

APAM stock traded up $0.72 during midday trading on Friday, reaching $40.46. 492,480 shares of the company's stock traded hands, compared to its average volume of 465,845. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. 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 market cap of $3.25 billion, a P/E ratio of 12.34 and a beta of 1.81. The stock's 50-day moving average is $40.99 and its 200 day moving average is $42.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted 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 company earned $0.71 earnings per share. The company's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.71 per share. This is a positive change from Artisan Partners Asset Management's previous quarterly dividend of $0.61. The ex-dividend date is Friday, August 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.02%. Artisan Partners Asset Management's dividend payout ratio is currently 86.59%.

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.