Wasatch Advisors LP Increases Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Wasatch Advisors LP grew its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 25.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,812,080 shares of the asset manager’s stock after purchasing an additional 365,434 shares during the period. Wasatch Advisors LP’s holdings in Artisan Partners Asset Management were worth $78,499,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APAM. Matrix Trust Co purchased a new stake in shares of Artisan Partners Asset Management during the third quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 81.5% during the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after buying an additional 348 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after buying an additional 296 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Artisan Partners Asset Management by 735.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after buying an additional 1,067 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Artisan Partners Asset Management during the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen increased their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.13.

Artisan Partners Asset Management Stock Up 0.3 %

Shares of Artisan Partners Asset Management stock opened at $48.79 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 13.59 and a beta of 1.79. The company’s 50 day moving average is $45.24 and its 200 day moving average is $42.95. Artisan Partners Asset Management Inc. has a twelve month low of $37.16 and a twelve month high of $49.52. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is presently 91.36%.

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.