O Shaughnessy Asset Management LLC Sells 3,227 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

O Shaughnessy Asset Management LLC cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,945 shares of the asset manager’s stock after selling 3,227 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.06% of Artisan Partners Asset Management worth $1,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC bought a new position in Artisan Partners Asset Management in the third quarter worth about $661,000. BNP Paribas Financial Markets raised its position in shares of Artisan Partners Asset Management by 23.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,339 shares of the asset manager’s stock worth $1,574,000 after acquiring an additional 6,792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Artisan Partners Asset Management by 16.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the asset manager’s stock valued at $653,000 after purchasing an additional 2,170 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Artisan Partners Asset Management by 12.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 30,711 shares of the asset manager’s stock valued at $1,330,000 after purchasing an additional 3,472 shares during the period. Finally, Captrust Financial Advisors grew its stake in Artisan Partners Asset Management by 3.0% in the third quarter. Captrust Financial Advisors now owns 27,211 shares of the asset manager’s stock worth $1,179,000 after purchasing an additional 788 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Down 4.3 %

NYSE APAM opened at $35.40 on Friday. Artisan Partners Asset Management Inc. has a 12 month low of $34.71 and a 12 month high of $49.54. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average price is $42.03 and its 200-day moving average price is $43.83. The stock has a market cap of $2.84 billion, a P/E ratio of 9.73 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.65%. Artisan Partners Asset Management’s payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.