Artisan Partners Asset Management Inc. (NYSE:APAM) Position Boosted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,968 shares of the asset manager’s stock after purchasing an additional 45,627 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Artisan Partners Asset Management were worth $19,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moran Wealth Management LLC grew its holdings in shares of Artisan Partners Asset Management by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 59,261 shares of the asset manager’s stock worth $2,567,000 after acquiring an additional 1,242 shares during the last quarter. Jennison Associates LLC purchased a new position in Artisan Partners Asset Management in the 3rd quarter worth about $1,152,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Artisan Partners Asset Management in the 3rd quarter worth about $1,985,000. Pathstone Holdings LLC raised its holdings in Artisan Partners Asset Management by 18.0% during the 3rd quarter. Pathstone Holdings LLC now owns 38,026 shares of the asset manager’s stock worth $1,647,000 after buying an additional 5,802 shares during the period. Finally, Aviance Capital Partners LLC lifted its stake in Artisan Partners Asset Management by 0.9% during the third quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock valued at $1,361,000 after buying an additional 286 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Up 0.5 %

Artisan Partners Asset Management stock opened at $47.68 on Friday. Artisan Partners Asset Management Inc. has a 12 month low of $36.45 and a 12 month high of $49.52. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.83 billion, a P/E ratio of 13.28 and a beta of 1.79. The company’s fifty day simple moving average is $44.49 and its 200-day simple moving average is $42.77.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results 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 firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.82 dividend. 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 6.88%. Artisan Partners Asset Management’s dividend payout ratio is currently 91.37%.

Wall Street Analyst Weigh In

APAM has been the topic of several analyst reports. Evercore ISI lifted 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. 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. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. 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 report on Monday, July 29th. Finally, TD Cowen raised their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.13.

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.