Global X Management Co. LLC Cuts Stake in Artisan Partners Asset Management Inc (APAM)

Global X Management Co. LLC decreased its position in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 310,686 shares of the asset manager’s stock after selling 4,273 shares during the quarter. Global X Management Co. LLC’s holdings in Artisan Partners Asset Management were worth $12,272,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Artisan Partners Asset Management during the 3rd quarter worth about $127,000. Ameritas Investment Partners Inc. purchased a new stake in Artisan Partners Asset Management during the 2nd quarter worth about $120,000. Great West Life Assurance Co. Can lifted its holdings in Artisan Partners Asset Management by 51.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock worth $176,000 after purchasing an additional 1,832 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Artisan Partners Asset Management during the 3rd quarter worth about $192,000. Finally, Atria Investments LLC purchased a new stake in Artisan Partners Asset Management during the 4th quarter worth about $242,000. Institutional investors own 63.41% of the company’s stock.

Shares of Artisan Partners Asset Management Inc (APAM) opened at $34.20 on Thursday. Artisan Partners Asset Management Inc has a 1-year low of $26.30 and a 1-year high of $41.45. The firm has a market capitalization of $2,520.19, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 111.29%. The business had revenue of $210.70 million during the quarter, compared to analysts’ expectations of $211.23 million. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue was up 16.1% on a year-over-year basis. equities research analysts forecast that Artisan Partners Asset Management Inc will post 3.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.40 annualized dividend and a dividend yield of 7.02%. Artisan Partners Asset Management’s payout ratio is currently 315.79%.

APAM has been the topic of a number of recent research reports. Bank of America dropped their price objective on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating on the stock in a report on Thursday, February 8th. Royal Bank of Canada set a $41.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Friday, December 15th. BidaskClub cut Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. ValuEngine cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price target on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.17.

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Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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