Fisher Asset Management LLC Cuts Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Fisher Asset Management LLC lessened its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,572,156 shares of the asset manager’s stock after selling 225,728 shares during the quarter. Fisher Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $69,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in Artisan Partners Asset Management by 5.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,097 shares of the asset manager’s stock worth $303,000 after acquiring an additional 397 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Artisan Partners Asset Management by 10.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,261 shares of the asset manager’s stock worth $234,000 after purchasing an additional 597 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Artisan Partners Asset Management by 27.6% in the third quarter. New York State Teachers Retirement System now owns 31,613 shares of the asset manager’s stock worth $1,183,000 after buying an additional 6,843 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Artisan Partners Asset Management by 14.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,984 shares of the asset manager’s stock valued at $448,000 after buying an additional 1,531 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Artisan Partners Asset Management by 10.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,778 shares of the asset manager’s stock valued at $1,301,000 after buying an additional 3,334 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $42.29 on Friday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 12.89 and a beta of 1.85. The stock has a fifty day moving average of $43.63 and a 200 day moving average of $41.25. Artisan Partners Asset Management Inc. has a 52 week low of $31.27 and a 52 week high of $46.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last posted 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). The company had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $270.90 million. Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.38 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.44 annualized dividend and a yield of 5.77%. Artisan Partners Asset Management’s payout ratio is 82.93%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of Artisan Partners Asset Management stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the sale, the executive vice president now directly owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.50% of the company’s stock.

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.