Sanctuary Advisors LLC Trims Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Sanctuary Advisors LLC decreased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,633 shares of the asset manager’s stock after selling 444 shares during the period. Sanctuary Advisors LLC’s holdings in Artisan Partners Asset Management were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in APAM. Matrix Trust Co purchased a new position in Artisan Partners Asset Management in the third quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its holdings in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after purchasing an additional 296 shares during the period. GAMMA Investing LLC increased its position in shares of Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after purchasing an additional 353 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Artisan Partners Asset Management by 735.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after buying an additional 1,067 shares during the period. Finally, Quarry LP acquired a new position in Artisan Partners Asset Management in the second quarter valued at about $63,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $44.24 on Thursday. The firm has a 50 day moving average of $46.49 and a two-hundred day moving average of $43.20. The stock has a market capitalization of $3.56 billion, a PE ratio of 12.32 and a beta of 1.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Artisan Partners Asset Management’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.82 dividend. The ex-dividend date was Friday, November 15th. This represents a $3.28 annualized dividend and a yield of 7.41%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 91.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Evercore ISI raised their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, TD Cowen boosted their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $44.13.

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.