Caprock Group LLC Has $343,000 Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Caprock Group LLC reduced its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,913 shares of the asset manager’s stock after selling 342 shares during the quarter. Caprock Group LLC’s holdings in Artisan Partners Asset Management were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Artisan Partners Asset Management by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock worth $273,494,000 after buying an additional 160,297 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Artisan Partners Asset Management by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager’s stock worth $66,757,000 after buying an additional 74,393 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Artisan Partners Asset Management by 6.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock worth $66,426,000 after buying an additional 99,005 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Artisan Partners Asset Management by 22.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock worth $48,609,000 after buying an additional 202,074 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Artisan Partners Asset Management by 8.0% during the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock worth $19,652,000 after buying an additional 33,618 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on APAM. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group dropped their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Evercore ISI upped their target price on shares of 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. Finally, TD Cowen upped 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 research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of Artisan Partners Asset Management stock opened at $47.70 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.29 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day moving average of $44.63 and a two-hundred day moving average of $42.80. 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 posted its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $279.60 million during 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%. Artisan Partners Asset Management’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management’s payout ratio is presently 91.37%.

Artisan Partners Asset Management Company 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.