Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,585 shares of the asset manager’s stock after selling 1,859 shares during the period. DGS Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of APAM. MCF Advisors LLC raised its holdings in shares of Artisan Partners Asset Management by 70.9% during the 4th quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock worth $66,000 after acquiring an additional 638 shares during the period. Guinness Asset Management LTD boosted its holdings in Artisan Partners Asset Management by 66.0% in the 4th quarter. Guinness Asset Management LTD now owns 11,359 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 4,515 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at approximately $233,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Artisan Partners Asset Management by 12.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 49,262 shares of the asset manager’s stock worth $2,121,000 after buying an additional 5,293 shares during the last quarter. Finally, Matrix Trust Co raised its position in shares of Artisan Partners Asset Management by 679.1% during the 4th quarter. Matrix Trust Co now owns 5,446 shares of the asset manager’s stock valued at $234,000 after buying an additional 4,747 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $3.55 billion, a P/E ratio of 12.30 and a beta of 1.80. The stock has a 50-day moving average of $45.13 and a two-hundred day moving average of $43.50. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts anticipate that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.82 dividend. The ex-dividend date was Friday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 7.43%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 91.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APAM shares. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd. TD Cowen increased their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI boosted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.13.

Artisan Partners Asset Management 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.