Rhumbline Advisers Lowers Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Rhumbline Advisers decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,300 shares of the asset manager’s stock after selling 542 shares during the period. Rhumbline Advisers owned about 0.23% of Artisan Partners Asset Management worth $7,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its position in Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after acquiring an additional 33,723 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after purchasing an additional 154,536 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after purchasing an additional 365,434 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after purchasing an additional 82,868 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Artisan Partners Asset Management by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager’s stock valued at $68,432,000 after buying an additional 56,190 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.6 %

Shares of Artisan Partners Asset Management stock opened at $42.34 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $43.93. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.63 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. Equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. Artisan Partners Asset Management’s dividend payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

APAM has been the subject of several research reports. Royal Bank of Canada cut their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Evercore ISI upped their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, TD Cowen upped their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Company 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.