Atria Investments Inc Has $779,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Atria Investments Inc raised its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,993 shares of the asset manager’s stock after purchasing an additional 1,023 shares during the quarter. Atria Investments Inc’s holdings in Artisan Partners Asset Management were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Artisan Partners Asset Management in the 1st quarter valued at $222,000. Sei Investments Co. grew its holdings in shares of Artisan Partners Asset Management by 23.8% in the 1st quarter. Sei Investments Co. now owns 94,037 shares of the asset manager’s stock worth $4,304,000 after purchasing an additional 18,107 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Artisan Partners Asset Management by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 12,547 shares of the asset manager’s stock worth $574,000 after purchasing an additional 852 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Artisan Partners Asset Management by 118.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,699 shares of the asset manager’s stock worth $4,151,000 after purchasing an additional 49,189 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Artisan Partners Asset Management during the 1st quarter valued at about $734,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reissued 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. Evercore ISI raised their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus price target of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of APAM opened at $46.89 on Tuesday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.06 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 52 week low of $36.45 and a 52 week high of $49.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The business’s fifty day moving average price is $44.07 and its two-hundred day moving average price is $42.67.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results 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. 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 return on equity of 71.50% and a net margin of 23.95%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, analysts predict that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm 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 7.00%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is 79.11%.

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.