Artisan Partners Asset Management Inc (APAM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,404 shares of the asset manager’s stock after selling 2,872 shares during the period. Stifel Financial Corp owned approximately 0.09% of Artisan Partners Asset Management worth $2,098,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Artisan Partners Asset Management by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,033,276 shares of the asset manager’s stock worth $33,685,000 after purchasing an additional 56,804 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Artisan Partners Asset Management by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 210,097 shares of the asset manager’s stock worth $6,850,000 after purchasing an additional 11,055 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Artisan Partners Asset Management by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,125,952 shares of the asset manager’s stock worth $69,306,000 after purchasing an additional 9,754 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Artisan Partners Asset Management by 18.1% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 12,400 shares of the asset manager’s stock worth $404,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Artisan Partners Asset Management by 22.8% in the 3rd quarter. Legal & General Group Plc now owns 22,618 shares of the asset manager’s stock worth $737,000 after purchasing an additional 4,194 shares during the last quarter. 63.47% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on APAM. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Friday, December 15th. ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus price target of $32.64.

Artisan Partners Asset Management Inc (APAM) opened at $39.75 on Friday. Artisan Partners Asset Management Inc has a fifty-two week low of $26.30 and a fifty-two week high of $40.65. The company has a market cap of $3,018.94, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.73 and a beta of 1.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $204.53 million. During the same period last year, the company posted $0.56 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts predict that Artisan Partners Asset Management Inc will post 2.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is 129.73%.

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Artisan Partners Asset Management 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.

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

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