Wasatch Advisors LP Sells 241,524 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Wasatch Advisors LP decreased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 15.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,339,743 shares of the asset manager’s stock after selling 241,524 shares during the period. Wasatch Advisors LP owned about 1.68% of Artisan Partners Asset Management worth $61,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of APAM. PNC Financial Services Group Inc. increased its position in shares of Artisan Partners Asset Management by 43.2% during the third quarter. PNC Financial Services Group Inc. now owns 5,018 shares of the asset manager’s stock worth $188,000 after purchasing an additional 1,514 shares in the last quarter. Invesco Ltd. increased its position in shares of Artisan Partners Asset Management by 30.3% during the third quarter. Invesco Ltd. now owns 361,111 shares of the asset manager’s stock worth $13,513,000 after purchasing an additional 83,998 shares in the last quarter. Mariner LLC increased its position in shares of Artisan Partners Asset Management by 72.0% during the third quarter. Mariner LLC now owns 22,789 shares of the asset manager’s stock worth $853,000 after purchasing an additional 9,540 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth $215,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Artisan Partners Asset Management during the third quarter worth $1,208,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $40.20 on Wednesday. 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 stock’s fifty day moving average price is $42.72 and its 200 day moving average price is $43.15. 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 market cap of $3.23 billion, a price-to-earnings ratio of 12.26 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly 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 net margin of 22.99% and a return on equity of 72.77%. The business had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $270.90 million. During the same period in the previous year, the company posted $0.64 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 6.07%. The ex-dividend date was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is 74.39%.

Wall Street Analysts Forecast Growth

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

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.