Vaughan Nelson Investment Management L.P. Boosts Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Vaughan Nelson Investment Management L.P. grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,533,396 shares of the asset manager’s stock after acquiring an additional 99,005 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Artisan Partners Asset Management were worth $66,426,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Hexagon Capital Partners LLC increased its position in Artisan Partners Asset Management by 41.8% during the third 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 during the last quarter. Caprock Group LLC grew its stake in shares of Artisan Partners Asset Management by 3.7% during the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock valued at $341,000 after buying an additional 297 shares during the period. Morse Asset Management Inc increased its holdings in shares of Artisan Partners Asset Management by 3.0% during the 2nd quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock worth $431,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after buying an additional 348 shares during the period. Finally, Arden Trust Co boosted its holdings in Artisan Partners Asset Management by 1.5% in the second quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock valued at $1,089,000 after acquiring an additional 382 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

APAM opened at $46.67 on Friday. Artisan Partners Asset Management Inc. has a twelve month low of $36.45 and a twelve month high of $49.52. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 13.00 and a beta of 1.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $42.63.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly 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. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The firm had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business 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 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management’s payout ratio is currently 91.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on APAM. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Evercore ISI boosted 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 research note on Thursday, November 7th. TD Cowen lifted their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $44.13.

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.