New York State Common Retirement Fund Acquires 15,668 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

New York State Common Retirement Fund increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 370,267 shares of the asset manager’s stock after buying an additional 15,668 shares during the quarter. New York State Common Retirement Fund’s holdings in Artisan Partners Asset Management were worth $16,040,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its holdings in Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after buying an additional 296 shares in the last quarter. Caprock Group LLC increased its holdings in Artisan Partners Asset Management by 3.7% in the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after buying an additional 297 shares in the last quarter. Morse Asset Management Inc increased its holdings in Artisan Partners Asset Management by 3.0% in 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 in the last quarter. GAMMA Investing LLC increased its holdings in 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 in the last quarter. Finally, Arden Trust Co increased its holdings in Artisan Partners Asset Management by 1.5% in the 2nd quarter. Arden Trust Co now owns 26,391 shares of the asset manager’s stock worth $1,089,000 after buying an additional 382 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Up 2.4 %

APAM stock opened at $45.55 on Wednesday. Artisan Partners Asset Management Inc. has a twelve month low of $34.94 and a twelve month high of $47.08. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.66 billion, a P/E ratio of 12.69 and a beta of 1.79. The business’s 50-day moving average price is $42.79 and its 200-day moving average price is $42.30.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.51% and a net margin of 23.95%. The firm had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast 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 disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.20%. Artisan Partners Asset Management’s payout ratio is currently 79.11%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APAM shares. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday. TD Cowen boosted their price target 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. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.17.

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.