Fisher Asset Management LLC Has $66.98 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Fisher Asset Management LLC cut its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,546,058 shares of the asset manager’s stock after selling 6,903 shares during the period. Fisher Asset Management LLC owned about 1.92% of Artisan Partners Asset Management worth $66,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APAM. Aviance Capital Partners LLC grew its stake in shares of Artisan Partners Asset Management by 0.9% in the third quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock worth $1,361,000 after purchasing an additional 286 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of 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 purchasing an additional 296 shares during the last quarter. Caprock Group LLC increased its position in shares of Artisan Partners Asset Management by 3.7% during the second quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after buying an additional 297 shares during the period. Morse Asset Management Inc raised its stake in Artisan Partners Asset Management by 3.0% during the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock worth $431,000 after buying an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after acquiring an additional 348 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on 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. TD Cowen increased their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Artisan Partners Asset Management stock opened at $47.94 on Tuesday. Artisan Partners Asset Management Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $49.52. 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’s 50-day simple moving average is $44.63 and its 200 day simple moving average is $42.79. The stock has a market cap of $3.85 billion, a PE ratio of 13.35 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The business’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. Research analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.82 per share. 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 6.84%. Artisan Partners Asset Management’s dividend payout ratio is presently 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.