Range Financial Group LLC Takes $425,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Range Financial Group LLC bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,865 shares of the asset manager’s stock, valued at approximately $425,000.

A number of other large investors have also bought and sold shares of the stock. Matrix Trust Co bought a new stake in Artisan Partners Asset Management in the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC increased its holdings in shares of 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 valued at $43,000 after acquiring an additional 296 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Artisan Partners Asset Management by 735.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares during the period. Finally, Quarry LP bought a new position in shares of Artisan Partners Asset Management in the 2nd quarter worth $63,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $41.43 on Wednesday. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54. The company’s 50 day moving average price is $46.20 and its two-hundred day moving average price is $43.35. The stock has a market cap of $3.33 billion, a P/E ratio of 11.54 and a beta of 1.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping 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 business had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. During the same period last year, the company posted $0.75 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 7.92%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 91.36%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APAM shares. The Goldman Sachs Group reduced their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a report on Thursday, October 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen raised their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI lifted their target price on 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. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.