SG Americas Securities LLC Increases Position in Artisan Partners Asset Management Inc. $APAM

SG Americas Securities LLC boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 600.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,726 shares of the asset manager’s stock after acquiring an additional 17,765 shares during the quarter. SG Americas Securities LLC’s holdings in Artisan Partners Asset Management were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Twelve Points Wealth Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 0.8% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 82,494 shares of the asset manager’s stock worth $3,580,000 after purchasing an additional 693 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Artisan Partners Asset Management by 9.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 51,000 shares of the asset manager’s stock worth $2,213,000 after buying an additional 4,451 shares during the last quarter. Longboard Asset Management LP purchased a new stake in Artisan Partners Asset Management in the third quarter worth approximately $215,000. Romano Brothers AND Company boosted its stake in Artisan Partners Asset Management by 3.1% in the third quarter. Romano Brothers AND Company now owns 67,970 shares of the asset manager’s stock worth $2,950,000 after buying an additional 2,058 shares in the last quarter. Finally, Moody Aldrich Partners LLC grew its position in Artisan Partners Asset Management by 89.6% during the third quarter. Moody Aldrich Partners LLC now owns 113,059 shares of the asset manager’s stock valued at $4,907,000 after acquiring an additional 53,432 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Finally, Evercore ISI raised their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and an average target price of $44.25.

Artisan Partners Asset Management Stock Down 0.2%

Shares of NYSE APAM opened at $44.32 on Tuesday. The firm’s fifty day moving average is $42.14 and its 200 day moving average is $44.22. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $48.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.11 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business had revenue of $301.29 million during the quarter, compared to analysts’ expectations of $300.90 million. During the same quarter in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. This represents a $3.52 annualized dividend and a dividend yield of 7.9%. Artisan Partners Asset Management’s payout ratio is 96.17%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.