Fisher Asset Management LLC Sells 46,523 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Fisher Asset Management LLC cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,499,535 shares of the asset manager's stock after selling 46,523 shares during the quarter. Fisher Asset Management LLC owned about 1.87% of Artisan Partners Asset Management worth $64,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $62,000. GAMMA Investing LLC lifted its stake in Artisan Partners Asset Management by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock worth $64,000 after purchasing an additional 350 shares during the last quarter. MCF Advisors LLC lifted its stake in Artisan Partners Asset Management by 70.9% during the fourth quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager's stock worth $66,000 after purchasing an additional 638 shares during the last quarter. KBC Group NV increased its position in shares of Artisan Partners Asset Management by 22.9% during the 3rd quarter. KBC Group NV now owns 2,218 shares of the asset manager's stock valued at $96,000 after purchasing an additional 413 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $200,000. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Friday. Evercore ISI increased 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 report on Thursday, November 7th. Finally, Royal Bank of Canada cut their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.38.

Artisan Partners Asset Management Trading Up 0.1 %

Shares of APAM traded up $0.04 during trading hours on Monday, reaching $42.26. 137,933 shares of the company traded hands, compared to its average volume of 462,437. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.59 and a beta of 1.81. The company's fifty day moving average price is $43.36 and its two-hundred day moving average price is $43.98. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its earnings results 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 research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.73%. Artisan Partners Asset Management's dividend payout ratio (DPR) is 92.31%.

Artisan Partners Asset Management 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.