Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,643,915 shares of the asset manager's stock after acquiring an additional 154,536 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.29% of Artisan Partners Asset Management worth $114,534,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC boosted its holdings in Artisan Partners Asset Management by 0.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager's stock valued at $1,361,000 after acquiring an additional 286 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager's stock valued at $43,000 after purchasing an additional 296 shares during the period. Caprock Group LLC boosted its stake in shares of Artisan Partners Asset Management by 3.7% during the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager's stock valued at $341,000 after purchasing an additional 297 shares during the period. Morse Asset Management Inc grew its holdings in shares of Artisan Partners Asset Management by 3.0% in the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager's stock worth $431,000 after purchasing an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager's stock worth $32,000 after buying an additional 348 shares during the period. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Up 0.9 %

NYSE:APAM traded up $0.42 during trading hours on Tuesday, reaching $48.36. The company's stock had a trading volume of 343,305 shares, compared to its average volume of 446,424. The company has a market capitalization of $3.89 billion, a P/E ratio of 13.39 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 12 month low of $36.45 and a 12 month high of $49.52. The stock has a 50 day moving average price of $44.75 and a two-hundred day moving average price of $42.81.

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

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.78%. Artisan Partners Asset Management's payout ratio is 91.36%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Evercore ISI raised their price objective 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 lowered their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating for the company in a report on Thursday, October 3rd. Finally, TD Cowen raised their price target 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 issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently 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.