O Shares Investment Advisers LLC Sells 2,990 Shares of Artisan Partners Asset Management Inc (NYSE:APAM)

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O Shares Investment Advisers LLC lessened its position in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 10.4% during the 1st quarter, HoldingsChannel reports. The firm owned 25,690 shares of the asset manager’s stock after selling 2,990 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Artisan Partners Asset Management were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in APAM. Rhumbline Advisers boosted its stake in shares of Artisan Partners Asset Management by 46.2% in the fourth quarter. Rhumbline Advisers now owns 63,991 shares of the asset manager’s stock valued at $1,415,000 after purchasing an additional 20,236 shares during the period. Comerica Bank boosted its stake in shares of Artisan Partners Asset Management by 15.2% in the fourth quarter. Comerica Bank now owns 11,801 shares of the asset manager’s stock valued at $270,000 after purchasing an additional 1,556 shares during the period. Westpac Banking Corp purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $1,210,000. LPL Financial LLC purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $228,000. Finally, Velanne Asset Management Ltd purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $3,112,000. 62.46% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management stock traded up $0.41 during trading on Wednesday, reaching $25.74. The stock had a trading volume of 4,986 shares, compared to its average volume of 483,741. Artisan Partners Asset Management Inc has a 52-week low of $20.16 and a 52-week high of $35.50. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $1.99 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.41 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. Artisan Partners Asset Management had a net margin of 18.48% and a return on equity of 172.79%. The company had revenue of $187.00 million during the quarter, compared to the consensus estimate of $186.26 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. As a group, research analysts anticipate that Artisan Partners Asset Management Inc will post 2.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.20 dividend on an annualized basis and a yield of 8.55%. Artisan Partners Asset Management’s dividend payout ratio is currently 74.83%.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, April 9th. ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Bank of America set a $25.00 price objective on shares of Artisan Partners Asset Management and gave the company a “sell” rating in a research note on Tuesday, April 9th. Citigroup raised shares of Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a research note on Monday, April 15th. Finally, TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus price target of $29.60.

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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.

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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)

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