Schroder Investment Management Group reduced its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 8.0% during the third quarter, HoldingsChannel reports. The firm owned 144,399 shares of the asset manager’s stock after selling 12,503 shares during the period. Schroder Investment Management Group’s holdings in Artisan Partners Asset Management were worth $4,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its stake in shares of Artisan Partners Asset Management by 26.2% during the second quarter. Cubist Systematic Strategies LLC now owns 9,584 shares of the asset manager’s stock worth $289,000 after acquiring an additional 1,990 shares in the last quarter. Swiss National Bank raised its stake in shares of Artisan Partners Asset Management by 2.9% during the third quarter. Swiss National Bank now owns 89,400 shares of the asset manager’s stock worth $2,897,000 after acquiring an additional 2,500 shares in the last quarter. Greatmark Investment Partners Inc. raised its stake in shares of Artisan Partners Asset Management by 6.2% during the third quarter. Greatmark Investment Partners Inc. now owns 50,925 shares of the asset manager’s stock worth $1,650,000 after acquiring an additional 2,975 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Artisan Partners Asset Management by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,058,457 shares of the asset manager’s stock worth $31,912,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Artisan Partners Asset Management by 11.3% during the second quarter. Rhumbline Advisers now owns 46,455 shares of the asset manager’s stock worth $1,401,000 after acquiring an additional 4,719 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Artisan Partners Asset Management stock opened at $24.77 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46. Artisan Partners Asset Management Inc has a 52-week low of $24.11 and a 52-week high of $41.45. The company has a market capitalization of $1.96 billion, a PE ratio of 10.28, a PEG ratio of 0.91 and a beta of 1.69.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 30th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, analysts predict that Artisan Partners Asset Management Inc will post 3.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend was Thursday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is 99.59%.

Several research analysts have commented on the stock. Citigroup decreased their price target on shares of Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. Royal Bank of Canada set a $34.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, ValuEngine cut shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $32.80.

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About Artisan Partners Asset Management

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

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