Aviance Capital Partners LLC Boosts Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aviance Capital Partners LLC lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,415 shares of the asset manager’s stock after acquiring an additional 286 shares during the period. Aviance Capital Partners LLC’s holdings in Artisan Partners Asset Management were worth $1,361,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new position in Artisan Partners Asset Management during the 1st quarter worth approximately $734,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Artisan Partners Asset Management by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager’s stock worth $59,197,000 after buying an additional 102,421 shares during the period. Quest Partners LLC raised its holdings in Artisan Partners Asset Management by 210.0% during the 3rd quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock valued at $2,588,000 after buying an additional 40,468 shares during the last quarter. Raymond James & Associates boosted its position in Artisan Partners Asset Management by 8.0% during the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock valued at $19,652,000 after buying an additional 33,618 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in Artisan Partners Asset Management by 945.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 56,465 shares of the asset manager’s stock worth $2,330,000 after acquiring an additional 51,065 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APAM. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. 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 report on Thursday, October 31st. Finally, Evercore ISI upped 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.13.

Artisan Partners Asset Management Trading Up 0.5 %

Shares of APAM opened at $46.89 on Tuesday. 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 50 day simple moving average of $44.07 and a two-hundred day simple moving average of $42.67. Artisan Partners Asset Management Inc. has a 1 year low of $36.45 and a 1 year high of $49.52. The firm has a market cap of $3.77 billion, a P/E ratio of 13.06 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data 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 return on equity of 71.50% and a net margin of 23.95%. The firm had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. During the same quarter last year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.00%. Artisan Partners Asset Management’s dividend payout ratio is currently 79.11%.

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.