MCF Advisors LLC Buys 638 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

MCF Advisors LLC increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 70.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,538 shares of the asset manager’s stock after purchasing an additional 638 shares during the period. MCF Advisors LLC’s holdings in Artisan Partners Asset Management were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in APAM. Matrix Trust Co bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth about $30,000. Hexagon Capital Partners LLC raised its holdings in Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares in the last quarter. GAMMA Investing LLC boosted its position in Artisan Partners Asset Management by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 353 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter worth approximately $63,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.3 %

Shares of APAM opened at $43.79 on Thursday. The firm has a market cap of $3.52 billion, a P/E ratio of 12.20 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54. The firm’s 50-day simple moving average is $45.25 and its 200 day simple moving average is $43.46.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The firm had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. During the same period in the prior year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts forecast that Artisan Partners Asset Management Inc. will post 3.18 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 91.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on APAM shares. The Goldman Sachs Group decreased 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 note on Thursday, October 3rd. TD Cowen boosted their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Evercore ISI raised 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 note on Thursday, November 7th. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One equities research 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. According to MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and an average price target of $44.13.

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.