Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Inceptionr LLC

Inceptionr LLC trimmed its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,678 shares of the asset manager's stock after selling 10,804 shares during the quarter. Inceptionr LLC's holdings in Artisan Partners Asset Management were worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $20,607,000. Wasatch Advisors LP increased its stake in shares of Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock valued at $78,499,000 after acquiring an additional 365,434 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Artisan Partners Asset Management by 22.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager's stock worth $48,609,000 after acquiring an additional 202,074 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Artisan Partners Asset Management by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock worth $114,534,000 after acquiring an additional 154,536 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Artisan Partners Asset Management by 6.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager's stock worth $66,426,000 after acquiring an additional 99,005 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada dropped their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.38.

Artisan Partners Asset Management Trading Down 0.3 %

APAM stock traded down $0.10 during midday trading on Thursday, reaching $38.53. 423,028 shares of the company's stock traded hands, compared to its average volume of 521,025. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The business has a 50-day moving average price of $42.97 and a two-hundred day moving average price of $43.98. The company has a market capitalization of $3.09 billion, a P/E ratio of 10.58 and a beta of 1.83. 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 (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.19%. Artisan Partners Asset Management's payout ratio is currently 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.