Guinness Asset Management LTD Has $378,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Guinness Asset Management LTD cut its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,265 shares of the asset manager’s stock after selling 812 shares during the quarter. Guinness Asset Management LTD’s holdings in Artisan Partners Asset Management were worth $378,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $26,000. Los Angeles Capital Management LLC acquired a new position in Artisan Partners Asset Management in the 1st quarter valued at $3,274,000. Arden Trust Co grew its holdings in Artisan Partners Asset Management by 1.9% in the 1st quarter. Arden Trust Co now owns 26,009 shares of the asset manager’s stock valued at $1,190,000 after buying an additional 492 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth $925,000. Finally, Vanguard Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after purchasing an additional 75,304 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $40.59 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.38 and a beta of 1.84. The business has a 50-day moving average of $42.99 and a 200-day moving average of $43.14.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $270.90 million. During the same period in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.61 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 6.01%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

About Artisan Partners Asset Management

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.