Artisan Partners Asset Management Inc. (NYSE:APAM) Short Interest Update

Artisan Partners Asset Management Inc. (NYSE:APAM) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,870,000 shares, a growth of 5.9% from the October 31st total of 2,710,000 shares. Based on an average daily volume of 408,100 shares, the short-interest ratio is currently 7.0 days.

Artisan Partners Asset Management Trading Up 0.2 %

Shares of NYSE:APAM traded up $0.10 during trading on Tuesday, reaching $49.20. 111,929 shares of the stock were exchanged, compared to its average volume of 443,574. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Artisan Partners Asset Management has a 12-month low of $37.58 and a 12-month high of $49.54. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 13.68 and a beta of 1.79. The firm’s 50-day moving average price is $45.36 and its 200 day moving average price is $42.93.

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

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is presently 91.37%.

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matrix Trust Co purchased a new position in shares of Artisan Partners Asset Management during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in shares of Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 348 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APAM shares. The Goldman Sachs Group reduced their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a report on Thursday, October 3rd. Evercore ISI lifted their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen boosted 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 research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.13.

About Artisan Partners Asset Management

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.