B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 45,831 Artisan Partners Asset Management Inc. (NYSE:APAM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,831 shares of the asset manager's stock, valued at approximately $1,985,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.06% of Artisan Partners Asset Management as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in shares of Artisan Partners Asset Management during the first quarter worth approximately $734,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Artisan Partners Asset Management by 7.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager's stock worth $59,197,000 after purchasing an additional 102,421 shares during the period. 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 worth $2,588,000 after purchasing an additional 40,468 shares during the period. Raymond James & Associates increased its stake 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 worth $19,652,000 after purchasing an additional 33,618 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Artisan Partners Asset Management by 945.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 56,465 shares of the asset manager's stock worth $2,330,000 after purchasing an additional 51,065 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded up $0.22 during trading on Friday, reaching $47.68. 368,225 shares of the company's stock were exchanged, compared to its average volume of 446,385. 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 1-year low of $36.45 and a 1-year high of $49.52. The company has a market cap of $3.83 billion, a P/E ratio of 13.28 and a beta of 1.79. The firm's 50-day moving average price is $44.49 and its 200 day moving average price is $42.77.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $0.75 EPS. Artisan Partners Asset Management's revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 6.88%. Artisan Partners Asset Management's dividend payout ratio is currently 91.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APAM. TD Cowen increased 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. StockNews.com upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Evercore ISI increased their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price target 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. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Artisan Partners Asset Management currently has a consensus 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.