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

Mutual of America Capital Management LLC lowered its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,514 shares of the asset manager’s stock after selling 977 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $455,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APAM. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Artisan Partners Asset Management by 2.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock valued at $273,494,000 after buying an additional 160,297 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Artisan Partners Asset Management by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager’s stock worth $66,757,000 after acquiring an additional 74,393 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 6.9% during 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 buying an additional 99,005 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Artisan Partners Asset Management by 22.0% during the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock worth $48,609,000 after purchasing an additional 202,074 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Artisan Partners Asset Management by 8.0% in the third quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock worth $19,652,000 after purchasing an additional 33,618 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Up 0.5 %

NYSE APAM opened at $48.62 on Thursday. Artisan Partners Asset Management Inc. has a 12 month low of $36.89 and a 12 month high of $49.52. The company has a market capitalization of $3.91 billion, a P/E ratio of 13.47 and a beta of 1.79. The company’s 50 day simple moving average is $44.88 and its 200 day simple moving average is $42.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company 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 firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.82 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.75%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 91.37%.

Wall Street Analyst Weigh In

APAM has been the subject of several research reports. Evercore ISI lifted their price target 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. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their price objective on shares of 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. Finally, TD Cowen lifted their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $44.13.

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.