Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Matrix Trust Co

Matrix Trust Co raised its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 679.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,446 shares of the asset manager’s stock after acquiring an additional 4,747 shares during the period. Matrix Trust Co’s holdings in Artisan Partners Asset Management were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APAM. Hexagon Capital Partners LLC grew its holdings in shares of 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 purchasing an additional 296 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 45.5% in the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings 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 valued at $52,000 after purchasing an additional 1,067 shares in the last quarter. Quarry LP acquired a new position in shares of Artisan Partners Asset Management in the second quarter valued at approximately $63,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Artisan Partners Asset Management by 75.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,851 shares of the asset manager’s stock valued at $76,000 after purchasing an additional 797 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APAM. The Goldman Sachs Group dropped 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 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 note on Tuesday, November 5th. Evercore ISI lifted 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, TD Cowen lifted their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.13.

Artisan Partners Asset Management Stock Down 2.9 %

Shares of NYSE:APAM opened at $40.77 on Monday. The company has a market capitalization of $3.28 billion, a PE ratio of 11.36 and a beta of 1.80. 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 Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The firm has a 50 day simple moving average of $46.01 and a 200-day simple moving average of $43.36.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.82 dividend. The ex-dividend date was Friday, November 15th. This represents a $3.28 annualized dividend and a yield of 8.05%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 91.36%.

About Artisan Partners Asset Management

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.