Intech Investment Management LLC Takes $570,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Intech Investment Management LLC bought a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,155 shares of the asset manager’s stock, valued at approximately $570,000.

Several other hedge funds have also bought and sold shares of APAM. Kayne Anderson Rudnick Investment Management LLC boosted its position in Artisan Partners Asset Management by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock worth $273,494,000 after purchasing an additional 160,297 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Artisan Partners Asset Management by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager’s stock worth $66,757,000 after buying an additional 74,393 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Artisan Partners Asset Management by 6.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock valued at $66,426,000 after buying an additional 99,005 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Artisan Partners Asset Management by 22.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock valued at $48,609,000 after acquiring an additional 202,074 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Artisan Partners Asset Management by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,968 shares of the asset manager’s stock worth $19,753,000 after acquiring an additional 45,627 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on APAM shares. The Goldman Sachs Group decreased their target price on 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. Evercore ISI increased their price objective on 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. 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 report on Thursday, October 31st. Finally, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research 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 data from MarketBeat.com, Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $48.79 on Monday. The firm has a market cap of $3.92 billion, a PE ratio of 13.59 and a beta of 1.79. 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 stock’s fifty day moving average price is $45.24 and its two-hundred day moving average price is $42.93. Artisan Partners Asset Management Inc. has a one year low of $37.16 and a one year high of $49.52.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $279.60 million during the quarter, compared to analysts’ expectations of $279.70 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Artisan Partners Asset Management’s revenue was up 12.4% compared to the same quarter last year. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 6.72%. Artisan Partners Asset Management’s dividend payout ratio is 91.37%.

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.