Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) saw a significant increase in short-term interest in the month of June. As of June 15, there was short interest totaling 2,840,000 shares, an increase of 21.9% from the May 31 total of 2,330,000 shares. Based on an average daily volume of 555,800 shares, the short interest ratio is currently 5.1 days. Approximately 5.6% of the company’s shares are sold short.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new equity stake in Artisan Partners Asset Management during the third quarter worth approximately $410,000. BNP Paribas Arbitrage SA increased its position in shares of Artisan Partners Asset Management by 47.7% during the third quarter. BNP Paribas Arbitrage SA now owns 20,384 shares in the asset manager worth $997,000 after buying an additional 6,587 shares last quarter. UBS Asset Management Americas Inc. increased its position in shares of Artisan Partners Asset Management by 17.4% during the third quarter. UBS Asset Management Americas Inc. now owns 82,303 shares of the asset manager worth $4,026,000 after buying an additional 12,192 shares last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Artisan Partners Asset Management by 807.7% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,180 shares of the asset manager worth $56,000 after buying an additional 1,050 shares in the last quarter. Finally, Vaughan Nelson Investment Management LP acquired a new stake in the shares of Artisan Partners Asset Management during the fourth quarter for a value of approximately $15,461,000. 66.91% of the shares are currently held by hedge funds and other institutional investors.
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Shares of NYSE:APAM traded at $0.33 during midday trading on Monday, hitting $35.90. 12,752 shares of the company have been traded, compared to its average volume of 617,519. The company has a market capitalization of $2.83 billion, a price-earnings ratio of 7.51 and a beta of 1.74 . The company has a debt ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.61. Artisan Partners Asset Management has a one-year low of $32.07 and a one-year high of $53.29. The stock has a 50-day moving average of $35.85 and a 200-day moving average of $39.14.
Artisan Partners Asset Management (NYSE:APAM – Get Rating) last reported results on Tuesday, April 26. The asset manager reported earnings per share of $0.98 for the quarter, meeting analyst consensus estimates of $0.98. Artisan Partners Asset Management achieved a return on equity of 146.56% and a net margin of 26.65%. The company posted revenue of $281.60 million for the quarter, versus a consensus estimate of $294.03 million. In the same quarter of the previous year, the company had earned earnings per share of $1.13. Artisan Partners Asset Management revenue was down 3.1% year-over-year. Sell-side analysts expect Artisan Partners Asset Management to post EPS of 3.78 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Tuesday, May 17 received a dividend of $0.76. This represents an annualized dividend of $3.04 and a dividend yield of 8.47%. The ex-dividend date was Monday, May 16. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 63.60%.
Several brokers have recently weighed in on APAM. Keefe, Bruyette & Woods raised their price target on Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a “market performance” rating in a Tuesday, June 28 research note . Citigroup cut its price target on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating on the stock in a Tuesday, April 12 research note. Finally, StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a Friday, May 6 report. Four equity research analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.70.
About Artisan Partners Asset Management (Get an assessment)
Artisan Partners Asset Management Inc is a public investment manager. It provides its services to pension and profit-sharing plans, trusts, endowments, foundations, charities, government entities, private funds and non-U.S. funds, as well as mutual funds, non-US funds and group trusts.
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