Versor Investments LP Has $646,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Versor Investments LP raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 125.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,921 shares of the asset manager’s stock after buying an additional 8,300 shares during the period. Versor Investments LP’s holdings in Artisan Partners Asset Management were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UniSuper Management Pty Ltd acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Artisan Partners Asset Management by 11.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock valued at $18,314,000 after acquiring an additional 42,522 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Artisan Partners Asset Management by 7.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager’s stock valued at $59,197,000 after purchasing an additional 102,421 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Artisan Partners Asset Management in the 1st quarter worth approximately $9,907,000. Finally, Raymond James & Associates boosted its stake in shares of 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 last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.5 %

APAM stock opened at $47.13 on Thursday. The stock’s fifty day simple moving average is $43.62 and its two-hundred day simple moving average is $42.54. 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 stock has a market cap of $3.79 billion, a P/E ratio of 13.13 and a beta of 1.79. Artisan Partners Asset Management Inc. has a 1-year low of $36.45 and a 1-year high of $49.52.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts expect that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 6.96%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 79.11%.

Wall Street Analyst Weigh In

APAM has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective 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. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen raised their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI increased their target price on 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.