Nations Financial Group Inc. IA ADV Acquires 406 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Nations Financial Group Inc. IA ADV lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,461 shares of the asset manager’s stock after purchasing an additional 406 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Artisan Partners Asset Management were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its holdings in shares of Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares in the last quarter. Caprock Group LLC raised its position in Artisan Partners Asset Management by 3.7% in the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after purchasing an additional 297 shares during the last quarter. Morse Asset Management Inc raised its position in Artisan Partners Asset Management by 3.0% in the 2nd quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock worth $431,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC raised its position in Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after purchasing an additional 348 shares during the last quarter. Finally, Arden Trust Co raised its position in Artisan Partners Asset Management by 1.5% in the 2nd quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock worth $1,089,000 after purchasing an additional 382 shares during the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 1.4 %

Shares of NYSE APAM opened at $47.80 on Friday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 13.31 and a beta of 1.79. The company has a 50-day moving average price of $43.78 and a 200-day moving average price of $42.58. 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.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $279.70 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management’s payout ratio is 79.11%.

Analysts Set New Price Targets

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

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.