Stone Ridge Asset Management LLC increased its holdings in Artisan Partners Asset Management Inc (NYSE:APAM) by 51.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,566 shares of the asset manager’s stock after purchasing an additional 12,684 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of APAM. Clarkston Capital Partners LLC purchased a new position in Artisan Partners Asset Management in the 3rd quarter worth approximately $21,303,000. BlackRock Inc. raised its stake in Artisan Partners Asset Management by 12.8% during the 2nd quarter. BlackRock Inc. now owns 3,304,205 shares of the asset manager’s stock valued at $99,621,000 after buying an additional 376,142 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Artisan Partners Asset Management by 66.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 887,619 shares of the asset manager’s stock valued at $26,762,000 after buying an additional 353,647 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Artisan Partners Asset Management during the 2nd quarter valued at $8,913,000. Finally, Royce & Associates LP raised its stake in Artisan Partners Asset Management by 30.8% during the 2nd quarter. Royce & Associates LP now owns 1,176,525 shares of the asset manager’s stock valued at $35,472,000 after buying an additional 276,800 shares during the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management stock traded down $0.31 during midday trading on Friday, reaching $24.46. The stock had a trading volume of 333,642 shares, compared to its average volume of 286,040. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68. Artisan Partners Asset Management Inc has a 52-week low of $24.11 and a 52-week high of $41.45. The firm has a market capitalization of $1.91 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.69.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 30th. The asset manager reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $212.17 million. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Research analysts anticipate that Artisan Partners Asset Management Inc will post 3.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date of this dividend was Thursday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 99.59%.

A number of brokerages have recently issued reports on APAM. Royal Bank of Canada set a $34.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Thursday, November 1st. Citigroup dropped their price objective on shares of Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, ValuEngine downgraded shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.80.

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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.

Further Reading: Market Capitalization in the Stock Market

Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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