Vaughan Nelson Investment Management L.P. Boosts Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Vaughan Nelson Investment Management L.P. raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,533,396 shares of the asset manager's stock after purchasing an additional 99,005 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.91% of Artisan Partners Asset Management worth $66,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APAM. Hexagon Capital Partners LLC lifted its position in Artisan Partners Asset Management by 41.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager's stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Artisan Partners Asset Management by 3.7% in the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager's stock valued at $341,000 after acquiring an additional 297 shares during the period. Morse Asset Management Inc grew its position in shares of Artisan Partners Asset Management by 3.0% during the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager's stock worth $431,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager's stock valued at $32,000 after acquiring an additional 348 shares during the period. Finally, Arden Trust Co raised its position in Artisan Partners Asset Management by 1.5% in the 2nd quarter. Arden Trust Co now owns 26,391 shares of the asset manager's stock valued at $1,089,000 after purchasing an additional 382 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Trading Down 0.6 %

Shares of APAM opened at $46.67 on Friday. Artisan Partners Asset Management Inc. has a twelve month low of $36.45 and a twelve month 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 firm has a market capitalization of $3.75 billion, a P/E ratio of 13.00 and a beta of 1.79. The firm's 50-day moving average is $43.93 and its two-hundred day moving average is $42.63.

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. The firm had revenue of $279.60 million during the quarter, compared to analysts' expectations of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Artisan Partners Asset Management's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.03%. Artisan Partners Asset Management's dividend payout ratio (DPR) is 91.36%.

Analysts Set New Price Targets

APAM has been the subject of several recent research reports. TD Cowen increased their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. 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. 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management currently has an average 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.

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