Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 85.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,422 shares of the asset manager's stock after purchasing an additional 28,275 shares during the period. Holocene Advisors LP owned approximately 0.08% of Artisan Partners Asset Management worth $2,661,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in shares of Artisan Partners Asset Management by 25.3% in the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock valued at $78,499,000 after buying an additional 365,434 shares in the last quarter. Millennium Management LLC purchased a new position in Artisan Partners Asset Management in the 2nd quarter worth approximately $10,685,000. Victory Capital Management Inc. grew its position in Artisan Partners Asset Management by 22.0% in the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager's stock valued at $48,609,000 after acquiring an additional 202,074 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Artisan Partners Asset Management by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager's stock valued at $273,494,000 after purchasing an additional 160,297 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock worth $114,534,000 after purchasing an additional 154,536 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on APAM. StockNews.com raised shares of 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 company a "hold" rating in a research note on Thursday, October 31st. The Goldman Sachs Group cut 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 note on Thursday, October 3rd. Finally, 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 report on Thursday, November 7th. One investment 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, Artisan Partners Asset Management has a consensus rating of "Hold" and an average target price of $44.13.

Artisan Partners Asset Management Stock Up 0.0 %

NYSE APAM traded up $0.02 during trading hours on Friday, reaching $48.35. 267,562 shares of the company traded hands, compared to its average volume of 442,203. The company has a 50 day moving average of $45.69 and a two-hundred day moving average of $43.04. The stock has a market capitalization of $3.89 billion, a PE ratio of 13.46 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 12 month low of $37.74 and a 12 month high of $49.54. 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 (NYSE:APAM - Get Free Report) last announced its quarterly earnings data 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. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The firm had revenue of $279.60 million for the quarter, compared to analysts' expectations of $279.70 million. During the same period last year, the business posted $0.75 earnings per share. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 91.37%.

Artisan Partners Asset Management 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.