BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 11.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,968 shares of the asset manager's stock after purchasing an additional 45,627 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.57% of Artisan Partners Asset Management worth $19,753,000 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. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager's stock valued at $59,197,000 after purchasing an additional 102,421 shares during the last quarter. Quest Partners LLC raised its position in shares of Artisan Partners Asset Management by 210.0% in the third quarter. Quest Partners LLC now owns 59,735 shares of the asset manager's stock valued at $2,588,000 after purchasing an additional 40,468 shares during the period. Raymond James & Associates lifted its stake in shares of Artisan Partners Asset Management by 8.0% during the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager's stock valued at $19,652,000 after buying an additional 33,618 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Artisan Partners Asset Management by 945.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 56,465 shares of the asset manager's stock worth $2,330,000 after buying an additional 51,065 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Artisan Partners Asset Management in the 2nd quarter worth approximately $465,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APAM has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of 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. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. TD Cowen raised their target price on 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. Evercore ISI upped 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of NYSE APAM opened at $47.68 on Friday. The business has a 50-day moving average of $44.49 and a 200-day moving average of $42.77. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.28 and a beta of 1.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 12 month low of $36.45 and a 12 month high of $49.52.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (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 analyst estimates 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 was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management's payout ratio is presently 91.37%.

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.