Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,391 shares of the asset manager’s stock after selling 1,646 shares during the quarter. Sei Investments Co.’s holdings in Artisan Partners Asset Management were worth $3,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mather Group LLC. purchased a new stake in shares of Artisan Partners Asset Management during the 1st quarter valued at about $26,000. MCF Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth $31,000. Scarborough Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at $34,000. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 348 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Artisan Partners Asset Management by 246.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,054 shares of the asset manager’s stock worth $48,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 0.5 %

NYSE APAM opened at $42.26 on Thursday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. Artisan Partners Asset Management Inc. has a 12 month low of $32.12 and a 12 month high of $46.75. The company’s fifty day moving average price is $41.28 and its two-hundred day moving average price is $42.36.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $270.80 million for the quarter, compared to the consensus estimate of $274.70 million. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. As a group, research analysts predict that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.71 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 6.72%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 86.59%.

Analyst Upgrades and Downgrades

APAM has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. TD Cowen increased their price target on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

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.