Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,372 shares of the asset manager’s stock after acquiring an additional 33,719 shares during the period. Natixis Advisors LLC’s holdings in Artisan Partners Asset Management were worth $13,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Artisan Partners Asset Management in the first quarter valued at approximately $222,000. UniSuper Management Pty Ltd purchased a new position in shares of Artisan Partners Asset Management during the 1st quarter worth $734,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Artisan Partners Asset Management by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 66,159 shares of the asset manager’s stock worth $3,028,000 after purchasing an additional 3,106 shares during the last quarter. BOKF NA purchased a new stake in shares of Artisan Partners Asset Management in the first quarter valued at $290,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Artisan Partners Asset Management by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,477 shares of the asset manager’s stock valued at $2,036,000 after purchasing an additional 2,239 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $46.86 on Thursday. The business’s 50 day moving average is $44.34 and its two-hundred day moving average is $42.73. Artisan Partners Asset Management Inc. has a 52-week low of $36.45 and a 52-week high of $49.52. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 13.05 and a beta of 1.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results 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 business had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. During the same period in the previous year, the business earned $0.75 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 7.00%. Artisan Partners Asset Management’s dividend payout ratio is presently 91.37%.

Analyst Upgrades and Downgrades

APAM has been the subject of several recent analyst reports. Evercore ISI lifted their price target 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. TD Cowen increased their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and an average target price of $44.13.

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.