Fisher Asset Management LLC Sells 61,807 Shares of Artisan Partners Asset Management Inc. $APAM

Fisher Asset Management LLC lessened its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,440,480 shares of the asset manager’s stock after selling 61,807 shares during the quarter. Fisher Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $58,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Artisan Partners Asset Management by 24.9% in the 1st quarter. Royal Bank of Canada now owns 138,628 shares of the asset manager’s stock valued at $5,421,000 after purchasing an additional 27,676 shares in the last quarter. AQR Capital Management LLC raised its holdings in Artisan Partners Asset Management by 6.4% during the 1st quarter. AQR Capital Management LLC now owns 69,357 shares of the asset manager’s stock valued at $2,712,000 after buying an additional 4,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Artisan Partners Asset Management by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,479 shares of the asset manager’s stock valued at $1,465,000 after buying an additional 1,626 shares during the last quarter. Intech Investment Management LLC raised its holdings in Artisan Partners Asset Management by 46.8% during the 1st quarter. Intech Investment Management LLC now owns 30,184 shares of the asset manager’s stock valued at $1,180,000 after buying an additional 9,629 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Artisan Partners Asset Management by 58.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,982 shares of the asset manager’s stock valued at $221,000 after buying an additional 1,838 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Royal Bank Of Canada cut their price objective on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. Finally, Evercore set a $37.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.25.

Artisan Partners Asset Management Stock Performance

APAM opened at $37.95 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.61 and a beta of 1.68. The company’s 50 day moving average is $36.92 and its 200 day moving average is $40.26. Artisan Partners Asset Management Inc. has a 12-month low of $34.99 and a 12-month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The business had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 8.1%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.97%.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.