Artisan Partners Asset Management Inc (APAM) Position Reduced by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 16.1% in the 4th quarter, HoldingsChannel reports. The fund owned 41,081 shares of the asset manager’s stock after selling 7,900 shares during the period. Rhumbline Advisers’ holdings in Artisan Partners Asset Management were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $205,000. Great West Life Assurance Co. Can boosted its stake in Artisan Partners Asset Management by 51.2% in the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock valued at $176,000 after acquiring an additional 1,832 shares in the last quarter. SG Americas Securities LLC acquired a new position in Artisan Partners Asset Management in the third quarter valued at $192,000. Atria Investments LLC acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $242,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $385,000. Institutional investors own 64.01% of the company’s stock.

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Several research firms have issued reports on APAM. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Royal Bank of Canada set a $46.00 price objective on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday, February 7th. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price objective on shares of Artisan Partners Asset Management in a research note on Friday, December 22nd. Finally, Bank of America decreased their price objective on shares of Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.33.

Shares of Artisan Partners Asset Management stock opened at $32.80 on Friday. Artisan Partners Asset Management Inc has a 12 month low of $26.30 and a 12 month high of $41.45. The firm has a market cap of $2,525.40, a PE ratio of 14.51, a PEG ratio of 0.76 and a beta of 1.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.84.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a return on equity of 119.11% and a net margin of 6.23%. The business had revenue of $210.70 million for the quarter, compared to analyst estimates of $211.23 million. During the same quarter last year, the company posted $0.53 EPS. Artisan Partners Asset Management’s quarterly revenue was up 16.1% on a year-over-year basis. research analysts expect that Artisan Partners Asset Management Inc will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.40 annualized dividend and a dividend yield of 7.32%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 315.79%.

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About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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