Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,267 shares of the asset manager's stock after acquiring an additional 15,668 shares during the quarter. New York State Common Retirement Fund owned approximately 0.46% of Artisan Partners Asset Management worth $16,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Artisan Partners Asset Management during the second quarter worth approximately $10,685,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Artisan Partners Asset Management in the first quarter valued at about $9,907,000. Kayne Anderson Rudnick Investment Management LLC increased 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 worth $273,494,000 after acquiring an additional 160,297 shares during the period. Edgestream Partners L.P. acquired a new stake in Artisan Partners Asset Management in the first quarter valued at about $7,287,000. Finally, Assenagon Asset Management S.A. acquired a new position in Artisan Partners Asset Management during the 2nd quarter worth approximately $4,531,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Analysts Set New Price Targets

APAM has been the topic of a number of analyst reports. TD Cowen lifted 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. The Goldman Sachs Group cut their price target on shares of 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. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. 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 note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Artisan Partners Asset Management currently has an average rating of "Hold" and an average target price of $44.17.

Artisan Partners Asset Management Price Performance

APAM traded up $3.46 during midday trading on Wednesday, reaching $48.99. 1,055,946 shares of the company's stock were exchanged, compared to its average volume of 448,751. Artisan Partners Asset Management Inc. has a 1-year low of $34.94 and a 1-year high of $49.30. The stock has a market capitalization of $3.94 billion, a PE ratio of 12.69 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.68 and a quick ratio of 0.71. The business's 50-day moving average price is $42.79 and its 200 day moving average price is $42.30.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued 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 71.51% and a net margin of 23.95%. The firm had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. During the same period in the previous year, the firm posted $0.75 EPS. The company's quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.82 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 6.70%. Artisan Partners Asset Management's dividend payout ratio is currently 79.11%.

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.