DGS Capital Management LLC Sells 1,094 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

DGS Capital Management LLC lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,444 shares of the asset manager’s stock after selling 1,094 shares during the quarter. DGS Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $1,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC grew its holdings in shares of Artisan Partners Asset Management by 0.9% in the 3rd quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock worth $1,361,000 after purchasing an additional 286 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Artisan Partners Asset Management by 41.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after buying an additional 296 shares in the last quarter. Caprock Group LLC grew its stake in Artisan Partners Asset Management by 3.7% during the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after buying an additional 297 shares during the last quarter. Morse Asset Management Inc increased its holdings in shares of Artisan Partners Asset Management by 3.0% during the second 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. Finally, GAMMA Investing LLC raised its position in Artisan Partners Asset Management by 45.5% in the 3rd 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. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 1.4 %

Shares of NYSE:APAM traded down $0.66 during trading on Friday, hitting $47.08. 21,273 shares of the company were exchanged, compared to its average volume of 438,859. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $46.25 and a two-hundred day moving average price of $43.14. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 13.31 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. During the same period in the previous year, the business earned $0.75 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.97%. Artisan Partners Asset Management’s payout ratio is 91.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APAM shares. Evercore ISI boosted their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. TD Cowen raised their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered their target price 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.13.

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.