Barclays PLC Raises Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Barclays PLC boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 430,422 shares of the asset manager’s stock after buying an additional 2,455 shares during the quarter. Barclays PLC owned approximately 0.54% of Artisan Partners Asset Management worth $18,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APAM. Vaughan Nelson Investment Management L.P. raised its position in Artisan Partners Asset Management by 6.9% during 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 purchasing an additional 99,005 shares during the last quarter. Quest Partners LLC increased its stake in shares of Artisan Partners Asset Management by 210.0% during the third 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 period. Raymond James & Associates raised its holdings in shares of Artisan Partners Asset Management by 8.0% during the third quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock valued at $19,652,000 after acquiring an additional 33,618 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its stake in Artisan Partners Asset Management by 945.6% in the second 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 period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Artisan Partners Asset Management by 11.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,968 shares of the asset manager’s stock valued at $19,753,000 after acquiring an additional 45,627 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

APAM opened at $46.96 on Friday. The company’s 50-day simple moving average is $46.33 and its two-hundred day simple moving average is $43.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $3.77 billion, a P/E ratio of 13.08 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. As a group, analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s payout ratio is 91.37%.

Analyst Ratings Changes

Several research firms have recently commented on APAM. 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. Evercore ISI raised 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. The Goldman Sachs Group reduced their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen raised their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.13.

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.