Edgestream Partners L.P. Has $4.06 Million Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Edgestream Partners L.P. grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 110.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,824 shares of the asset manager's stock after purchasing an additional 49,187 shares during the period. Edgestream Partners L.P. owned about 0.12% of Artisan Partners Asset Management worth $4,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APAM. Matrix Trust Co bought a new position in shares of Artisan Partners Asset Management during the 3rd quarter valued at about $30,000. GAMMA Investing LLC lifted its stake in Artisan Partners Asset Management by 81.5% in the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager's stock valued at $32,000 after buying an additional 348 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Artisan Partners Asset Management by 41.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager's stock valued at $43,000 after buying an additional 296 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Artisan Partners Asset Management by 735.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager's stock worth $52,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Artisan Partners Asset Management during the second quarter worth $63,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Up 0.3 %

APAM stock traded up $0.16 during mid-day trading on Friday, reaching $48.79. The company had a trading volume of 233,074 shares, compared to its average volume of 420,635. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.59 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 52 week low of $37.16 and a 52 week high of $49.52. The stock has a 50 day simple moving average of $45.24 and a two-hundred day simple moving average of $42.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating 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 period last year, the business earned $0.75 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. As a group, equities analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 91.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APAM shares. Evercore ISI increased their target price on 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 dropped 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. TD Cowen upped their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.