Charles Schwab Investment Management Inc. Has $114.53 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Charles Schwab Investment Management Inc. lifted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,643,915 shares of the asset manager’s stock after purchasing an additional 154,536 shares during the period. Charles Schwab Investment Management Inc. owned 3.29% of Artisan Partners Asset Management worth $114,534,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in Artisan Partners Asset Management by 4.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 66,159 shares of the asset manager’s stock worth $3,028,000 after purchasing an additional 3,106 shares during the last quarter. BOKF NA acquired a new position in Artisan Partners Asset Management in the first quarter valued at approximately $290,000. Price T Rowe Associates Inc. MD lifted its holdings in Artisan Partners Asset Management by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,477 shares of the asset manager’s stock valued at $2,036,000 after buying an additional 2,239 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Artisan Partners Asset Management in the first quarter valued at approximately $273,000. Finally, Tidal Investments LLC acquired a new stake in Artisan Partners Asset Management during the 1st quarter worth $215,000. Institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI increased their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. TD Cowen boosted their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Finally, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of Artisan Partners Asset Management stock opened at $47.94 on Tuesday. Artisan Partners Asset Management Inc. has a 1 year low of $36.45 and a 1 year high of $49.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $3.85 billion, a P/E ratio of 13.35 and a beta of 1.79. The business has a 50-day moving average of $44.63 and a two-hundred day moving average of $42.79.

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

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.28 annualized dividend and a yield of 6.84%. Artisan Partners Asset Management’s dividend payout ratio is currently 91.36%.

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.