Artisan Partners Asset Management Inc. (NYSE:APAM) Short Interest Update

Artisan Partners Asset Management Inc. (NYSE:APAM) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,870,000 shares, an increase of 5.9% from the October 31st total of 2,710,000 shares. Based on an average daily trading volume, of 408,100 shares, the short-interest ratio is presently 7.0 days.

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Artisan Partners Asset Management by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock worth $273,494,000 after acquiring an additional 160,297 shares during the period. State Street Corp lifted its holdings in Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after purchasing an additional 33,723 shares during the period. Charles Schwab Investment Management Inc. grew its position in Artisan Partners Asset Management by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after buying an additional 154,536 shares in the last quarter. Wasatch Advisors LP increased its stake in Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after buying an additional 365,434 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after buying an additional 82,868 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on APAM shares. Evercore ISI raised their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their price objective 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. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group dropped their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM traded up $0.04 during trading on Wednesday, hitting $48.93. 30,756 shares of the company traded hands, compared to its average volume of 442,789. Artisan Partners Asset Management has a one year low of $37.58 and a one year high of $49.54. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 13.62 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 business’s fifty day moving average is $45.47 and its 200-day moving average is $42.96.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. As a group, equities analysts predict that Artisan Partners Asset Management 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 was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 6.70%. Artisan Partners Asset Management’s dividend payout ratio is presently 91.37%.

Artisan Partners Asset Management Company 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.