Intech Investment Management LLC Purchases New Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Intech Investment Management LLC acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,155 shares of the asset manager's stock, valued at approximately $570,000.

Other institutional investors also recently bought and sold shares of the company. Matrix Trust Co purchased a new position in Artisan Partners Asset Management during the third quarter valued at $30,000. GAMMA Investing LLC raised its stake in Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager's stock worth $32,000 after acquiring an additional 348 shares during the period. Hexagon Capital Partners LLC lifted its holdings in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager's stock worth $52,000 after purchasing an additional 1,067 shares during the period. Finally, Quarry LP purchased a new stake in shares of Artisan Partners Asset Management in the second quarter worth $63,000. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Price Performance

Shares of APAM traded up $0.31 during mid-day trading on Monday, hitting $49.10. 455,128 shares of the stock were exchanged, compared to its average volume of 445,031. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $3.95 billion, a PE ratio of 13.68 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 52-week low of $37.58 and a 52-week high of $49.52. The firm has a 50-day moving average of $45.24 and a two-hundred day moving average of $42.90.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Artisan Partners Asset Management's revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 6.68%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 91.37%.

Analyst Upgrades and Downgrades

APAM has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on 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. TD Cowen lifted their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Evercore ISI upped their target price on shares of 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. Finally, StockNews.com raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. 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 presently 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.