Geode Capital Management LLC Buys 82,868 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Geode Capital Management LLC lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,775,314 shares of the asset manager's stock after purchasing an additional 82,868 shares during the period. Geode Capital Management LLC owned 2.21% of Artisan Partners Asset Management worth $76,920,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James & Associates increased its position in Artisan Partners Asset Management by 3.9% in the 2nd quarter. Raymond James & Associates now owns 420,020 shares of the asset manager's stock worth $17,334,000 after buying an additional 15,811 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Artisan Partners Asset Management by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 35,200 shares of the asset manager's stock valued at $1,453,000 after acquiring an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Artisan Partners Asset Management by 50.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,857 shares of the asset manager's stock worth $366,000 after acquiring an additional 2,959 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Artisan Partners Asset Management by 2.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 410,341 shares of the asset manager's stock valued at $16,935,000 after purchasing an additional 10,207 shares during the last quarter. Finally, IFG Advisory LLC acquired a new position in Artisan Partners Asset Management in the second quarter worth $299,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM traded up $0.58 during mid-day trading on Friday, reaching $43.74. The company had a trading volume of 1,242,082 shares, compared to its average volume of 443,151. The business's 50-day simple moving average is $46.53 and its 200 day simple moving average is $43.19. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 12.18 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Artisan Partners Asset Management Inc. has a one year low of $37.89 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $279.60 million during 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 business's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. On average, research 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 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. The ex-dividend date was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.50%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 91.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating for the company in a research report on Thursday, October 3rd. Evercore ISI increased their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. 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. Finally, TD Cowen upped their price objective 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management 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.