Sei Investments Co. Sells 10,976 Shares of Artisan Partners Asset Management Inc. (APAM)

Sei Investments Co. reduced its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 283,989 shares of the asset manager’s stock after selling 10,976 shares during the period. Sei Investments Co.’s holdings in Artisan Partners Asset Management were worth $8,718,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APAM. Norges Bank bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at $10,426,000. Teachers Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 41,212 shares of the asset manager’s stock valued at $1,226,000 after buying an additional 9,922 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Artisan Partners Asset Management during the first quarter valued at $569,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Artisan Partners Asset Management by 358.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 84,900 shares of the asset manager’s stock valued at $2,343,000 after buying an additional 66,396 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Artisan Partners Asset Management by 0.9% in the first quarter. Fisher Asset Management LLC now owns 1,836,637 shares of the asset manager’s stock valued at $50,691,000 after buying an additional 16,309 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Shares of Artisan Partners Asset Management Inc. (NYSE APAM) opened at 30.10 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 17.76 and a beta of 1.75. The company’s 50 day moving average price is $31.46 and its 200 day moving average price is $29.29. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $33.85.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.01. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The business had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $194.25 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post $2.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.97%. Artisan Partners Asset Management’s dividend payout ratio is presently 145.46%.

COPYRIGHT VIOLATION NOTICE: “Sei Investments Co. Sells 10,976 Shares of Artisan Partners Asset Management Inc. (APAM)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/12/sei-investments-co-sells-10976-shares-of-artisan-partners-asset-management-inc-apam.html.

APAM has been the subject of several recent research reports. Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, April 14th. Keefe, Bruyette & Woods raised Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $33.00 in a research note on Monday, May 1st. ValuEngine cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada initiated coverage on Artisan Partners Asset Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price target for the company. Finally, BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.94.

Artisan Partners Asset Management Company Profile

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.

Want to see what other hedge funds are holding APAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artisan Partners Asset Management Inc. (NYSE:APAM).

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

What are top analysts saying about Artisan Partners Asset Management Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Artisan Partners Asset Management Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit