Raymond James Trust N.A. Has $293,000 Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Raymond James Trust N.A. reduced its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,756 shares of the asset manager’s stock after selling 731 shares during the period. Raymond James Trust N.A.’s holdings in Artisan Partners Asset Management were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Artisan Partners Asset Management by 7.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager’s stock worth $59,197,000 after buying an additional 102,421 shares in the last quarter. Quest Partners LLC raised its stake in Artisan Partners Asset Management by 210.0% in the 3rd quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock worth $2,588,000 after purchasing an additional 40,468 shares in the last quarter. Raymond James & Associates boosted its holdings in Artisan Partners Asset Management by 8.0% in the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock valued at $19,652,000 after purchasing an additional 33,618 shares during the period. Susquehanna Fundamental Investments LLC grew its position in shares of Artisan Partners Asset Management by 945.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 56,465 shares of the asset manager’s stock worth $2,330,000 after purchasing an additional 51,065 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Artisan Partners Asset Management by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 455,968 shares of the asset manager’s stock worth $19,753,000 after purchasing an additional 45,627 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Up 0.5 %

Shares of APAM stock opened at $48.62 on Thursday. Artisan Partners Asset Management Inc. has a fifty-two week low of $36.89 and a fifty-two week high of $49.52. The stock’s fifty day moving average price is $44.88 and its two-hundred day moving average price is $42.84. 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 company has a market cap of $3.91 billion, a PE ratio of 13.54 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $279.60 million during the quarter, compared to analysts’ expectations of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 91.37%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APAM. The Goldman Sachs Group cut their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Evercore ISI upped 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 report on Thursday, November 7th. TD Cowen raised their price target on 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. Finally, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.