Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679,257 shares of the asset manager's stock after selling 116,218 shares during the period. Federated Hermes Inc. owned 0.85% of Artisan Partners Asset Management worth $29,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth approximately $20,607,000. Channing Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management by 14.5% in the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after purchasing an additional 224,455 shares during the last quarter. Norges Bank purchased a new position in Artisan Partners Asset Management in the 4th quarter worth about $5,627,000. Charles Schwab Investment Management Inc. lifted its holdings in Artisan Partners Asset Management by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock valued at $119,362,000 after buying an additional 128,717 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in Artisan Partners Asset Management in the 4th quarter valued at about $4,247,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Analyst Ratings Changes

APAM has been the subject of a number of research reports. StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen decreased their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada cut their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Finally, Evercore ISI lowered their price target on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management Stock Up 0.7 %

Shares of APAM stock traded up $0.24 during mid-day trading on Monday, hitting $35.71. 64,563 shares of the stock traded hands, compared to its average volume of 458,756. The stock's fifty day moving average is $40.75 and its two-hundred day moving average is $43.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. The stock has a market cap of $2.87 billion, a P/E ratio of 9.81 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio is presently 92.31%.

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.