Artisan Partners Asset Management Inc. $APAM Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,889,436 shares of the asset manager’s stock after purchasing an additional 25,426 shares during the period. Geode Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $83,768,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. CWM LLC boosted its holdings in Artisan Partners Asset Management by 77.0% in the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock worth $83,000 after acquiring an additional 925 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Artisan Partners Asset Management by 6.1% during the first quarter. Allianz Asset Management GmbH now owns 80,412 shares of the asset manager’s stock worth $3,144,000 after purchasing an additional 4,593 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Artisan Partners Asset Management in the first quarter valued at $2,045,000. Burney Co. acquired a new stake in Artisan Partners Asset Management during the 1st quarter valued at $562,000. Finally, AE Wealth Management LLC acquired a new stake in Artisan Partners Asset Management during the 1st quarter valued at $211,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $41.46 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 11.33 and a beta of 1.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average of $43.70 and a 200-day moving average of $44.25.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business had revenue of $301.29 million during the quarter, compared to the consensus estimate of $300.90 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 dividend on an annualized basis and a yield of 8.5%. Artisan Partners Asset Management’s dividend payout ratio is presently 96.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on APAM. Zacks Research upgraded Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Artisan Partners Asset Management in a report on Monday. TD Cowen lowered their price objective on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Evercore ISI upped their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their target price on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.25.

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.