Measured Wealth Private Client Group LLC Decreases Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Measured Wealth Private Client Group LLC lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 47.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,668 shares of the asset manager’s stock after selling 7,063 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC lifted its stake in Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after buying an additional 348 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after buying an additional 296 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Artisan Partners Asset Management by 735.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP purchased a new position in Artisan Partners Asset Management in the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.1 %

APAM opened at $45.21 on Thursday. Artisan Partners Asset Management Inc. has a one year low of $32.32 and a one year high of $47.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s fifty day moving average is $42.48 and its 200-day moving average is $42.22. The company has a market capitalization of $3.63 billion, a PE ratio of 13.77 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. During the same period in the previous year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.26%. Artisan Partners Asset Management’s dividend payout ratio is currently 86.59%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. TD Cowen upped their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group dropped their price target on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.83.

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.