Quantbot Technologies LP Takes $2.01 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Quantbot Technologies LP purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 46,280 shares of the asset manager's stock, valued at approximately $2,005,000. Quantbot Technologies LP owned 0.06% of Artisan Partners Asset Management as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in APAM. Cerity Partners LLC acquired a new position in Artisan Partners Asset Management during the 3rd quarter worth about $661,000. Citigroup Inc. lifted its position in shares of Artisan Partners Asset Management by 54.4% during the third quarter. Citigroup Inc. now owns 90,298 shares of the asset manager's stock worth $3,912,000 after purchasing an additional 31,803 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Artisan Partners Asset Management by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock valued at $114,534,000 after purchasing an additional 154,536 shares during the period. Intech Investment Management LLC acquired a new position in shares of Artisan Partners Asset Management in the third quarter valued at approximately $570,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Artisan Partners Asset Management by 11.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,968 shares of the asset manager's stock worth $19,753,000 after buying an additional 45,627 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 0.3 %

NYSE:APAM traded up $0.16 during trading hours on Friday, hitting $48.79. The company's stock had a trading volume of 233,074 shares, compared to its average volume of 444,983. Artisan Partners Asset Management Inc. has a 52-week low of $37.16 and a 52-week high of $49.52. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.92 billion, a P/E ratio of 13.55 and a beta of 1.79. The stock has a fifty day moving average of $45.12 and a 200-day moving average of $42.92.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $279.70 million. During the same quarter in the prior year, the business posted $0.75 EPS. The business's revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts forecast 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 will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 6.72%. Artisan Partners Asset Management's payout ratio is currently 91.37%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI boosted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. TD Cowen upped their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a report 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. Finally, The Goldman Sachs Group cut their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.13.

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.