Fisher Asset Management LLC Sells 6,903 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Fisher Asset Management LLC lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,546,058 shares of the asset manager’s stock after selling 6,903 shares during the quarter. Fisher Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $66,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APAM. CANADA LIFE ASSURANCE Co grew its holdings in shares of Artisan Partners Asset Management by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 66,159 shares of the asset manager’s stock worth $3,028,000 after purchasing an additional 3,106 shares in the last quarter. BOKF NA bought a new stake in Artisan Partners Asset Management during the first quarter worth about $290,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Artisan Partners Asset Management by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,477 shares of the asset manager’s stock worth $2,036,000 after purchasing an additional 2,239 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Artisan Partners Asset Management in the 1st quarter worth approximately $273,000. Finally, Tidal Investments LLC purchased a new stake in Artisan Partners Asset Management in the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APAM. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. TD Cowen lifted their target price 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 upped their price objective 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. The Goldman Sachs Group dropped their price objective on 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. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management Trading Up 0.5 %

APAM opened at $47.94 on Tuesday. 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 Inc. has a 52 week low of $36.45 and a 52 week high of $49.52. The stock has a market cap of $3.85 billion, a PE ratio of 13.35 and a beta of 1.79. The business has a 50 day moving average of $44.63 and a 200-day moving average of $42.79.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS 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 business had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.84%. Artisan Partners Asset Management’s dividend payout ratio is currently 91.36%.

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.