HighTower Advisors LLC Has $455,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

HighTower Advisors LLC decreased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,546 shares of the asset manager’s stock after selling 743 shares during the period. HighTower Advisors LLC’s holdings in Artisan Partners Asset Management were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Aviance Capital Partners LLC increased its stake in Artisan Partners Asset Management by 0.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock worth $1,361,000 after acquiring an additional 286 shares during the period. Hexagon Capital Partners LLC grew its holdings 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 in the last quarter. Caprock Group LLC increased its position in shares of Artisan Partners Asset Management by 3.7% in the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after purchasing an additional 297 shares during the period. Morse Asset Management Inc raised its stake in Artisan Partners Asset Management by 3.0% in the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock valued at $431,000 after purchasing an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Artisan Partners Asset Management by 45.5% in the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the subject of a number of recent analyst reports. Evercore ISI upped their price target 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 upped their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group decreased 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 note on Thursday, October 3rd. Finally, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.13.

Artisan Partners Asset Management Trading Up 1.3 %

Shares of APAM stock opened at $43.74 on Friday. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The stock’s fifty day simple moving average is $46.53 and its 200 day simple moving average is $43.19. 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 market capitalization of $3.51 billion, a P/E ratio of 12.18 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 91.36%.

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.