B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,831 shares of the asset manager's stock, valued at approximately $1,985,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.06% of Artisan Partners Asset Management at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new position in Artisan Partners Asset Management during the third quarter valued at $30,000. GAMMA Investing LLC lifted its position in shares of Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager's stock valued at $32,000 after buying an additional 348 shares in the last quarter. Hexagon Capital Partners LLC grew its stake 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 valued at $43,000 after acquiring an additional 296 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 acquiring an additional 1,067 shares in the last quarter. Finally, Quarry LP bought a new stake in Artisan Partners Asset Management during the 2nd quarter worth approximately $63,000. Institutional investors own 86.45% of the company's stock.
APAM has been the subject of a number of recent analyst reports. TD Cowen upped 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 report on Thursday, October 31st. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. The Goldman Sachs Group decreased their target price on 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. Finally, Evercore ISI upped their price target on 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of "Hold" and an average price target of $44.13.
Check Out Our Latest Research Report on Artisan Partners Asset Management
Shares of Artisan Partners Asset Management stock opened at $47.73 on Friday. The firm has a market cap of $3.84 billion, a PE ratio of 13.22 and a beta of 1.79. The stock has a 50 day moving average of $44.34 and a 200 day moving average of $42.73. 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 12 month low of $36.45 and a 12 month high of $49.52.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted 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. The firm had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The company's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, research analysts expect that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.
The firm also recently announced 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 6.87%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management's dividend payout ratio is 91.37%.
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.
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