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

DGS Capital Management LLC lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,585 shares of the asset manager’s stock after selling 1,859 shares during the period. DGS Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Matrix Trust Co purchased a new stake in Artisan Partners Asset Management during the third quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its position 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 buying an additional 296 shares during the last quarter. GAMMA Investing LLC raised its stake in Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after acquiring an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Artisan Partners Asset Management during the second quarter worth about $63,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Trading Down 0.5 %

NYSE APAM opened at $44.16 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.55 billion, a P/E ratio of 12.30 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The firm has a 50-day moving average price of $45.13 and a 200 day moving average price of $43.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.43%. Artisan Partners Asset Management’s dividend payout ratio is presently 91.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on APAM. The Goldman Sachs Group cut 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. TD Cowen raised 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. Evercore ISI upped their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.13.

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.