Hennion & Walsh Asset Management Inc. Raises Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Hennion & Walsh Asset Management Inc. raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,262 shares of the asset manager’s stock after purchasing an additional 5,293 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.06% of Artisan Partners Asset Management worth $2,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aviance Capital Partners LLC raised its stake in shares of Artisan Partners Asset Management by 0.9% in the third quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock worth $1,361,000 after purchasing an additional 286 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Artisan Partners Asset Management by 41.8% in the third 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. Morse Asset Management Inc grew its holdings in shares of Artisan Partners Asset Management by 3.0% in the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock valued at $431,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 350 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Artisan Partners Asset Management by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 6,461 shares of the asset manager’s stock valued at $280,000 after acquiring an additional 406 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen upped their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI upped their target price on 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.13.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $42.88 on Friday. The stock has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $43.37. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 11.94 and a beta of 1.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Artisan Partners Asset Management’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.18 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 7.65%. Artisan Partners Asset Management’s dividend payout ratio is currently 91.37%.

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.