Public Sector Pension Investment Board Sells 5,500 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Public Sector Pension Investment Board decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,328 shares of the asset manager’s stock after selling 5,500 shares during the period. Public Sector Pension Investment Board owned 0.18% of Artisan Partners Asset Management worth $6,426,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Artisan Partners Asset Management by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock worth $273,494,000 after acquiring an additional 160,297 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after purchasing an additional 154,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Artisan Partners Asset Management by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager’s stock worth $66,757,000 after purchasing an additional 74,393 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake 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 purchasing an additional 99,005 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Artisan Partners Asset Management by 22.0% in the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock valued at $48,609,000 after purchasing an additional 202,074 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APAM has been the subject of several analyst reports. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen boosted their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI raised their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management Price Performance

NYSE:APAM opened at $48.79 on Friday. Artisan Partners Asset Management Inc. has a 52-week low of $37.16 and a 52-week high of $49.52. The stock has a fifty day moving average of $45.24 and a 200 day moving average of $42.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.59 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Artisan Partners Asset Management’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. On average, research analysts expect that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 91.36%.

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.