Hexagon Capital Partners LLC Has $43,000 Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Hexagon Capital Partners LLC boosted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 41.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,004 shares of the asset manager’s stock after buying an additional 296 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Artisan Partners Asset Management were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of Artisan Partners Asset Management during the first quarter worth approximately $26,000. MCF Advisors LLC bought a new position in Artisan Partners Asset Management during the 1st quarter worth $31,000. GAMMA Investing LLC lifted 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 worth $32,000 after buying an additional 348 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at about $34,000. Finally, Pineridge Advisors LLC acquired a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on APAM shares. 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 research note on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, TD Cowen upped their target price on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $43.46 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.25 and a beta of 1.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50 day simple moving average is $41.24 and its 200 day simple moving average is $42.30.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million during the quarter, compared to the consensus estimate of $274.70 million. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts predict that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.71 dividend. The ex-dividend date was Friday, August 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a yield of 6.53%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 86.59%.

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.