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

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 455,968 shares of the asset manager’s stock after purchasing an additional 45,627 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.57% of Artisan Partners Asset Management worth $19,753,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Matrix Trust Co acquired a new stake in Artisan Partners Asset Management during the third quarter worth about $30,000. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 81.5% during the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 348 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after purchasing an additional 296 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Artisan Partners Asset Management by 735.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Quarry LP acquired a new position in Artisan Partners Asset Management during the 2nd quarter valued at approximately $63,000. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $47.68 on Friday. The firm has a market capitalization of $3.83 billion, a PE ratio of 13.28 and a beta of 1.79. 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 firm has a 50-day moving average price of $44.49 and a 200 day moving average price of $42.77. Artisan Partners Asset Management Inc. has a 52-week low of $36.45 and a 52-week high of $49.52.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business had revenue of $279.60 million during the quarter, compared to analysts’ expectations of $279.70 million. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 91.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI increased their target price on 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 reduced their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note 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, November 5th. 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 report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, July 29th. One equities research 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.com, the stock has a consensus rating of “Hold” and an average 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.