Fuller & Thaler Asset Management Inc. lowered its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,503,668 shares of the asset manager’s stock after selling 191,938 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.99% of Artisan Partners Asset Management worth $49,020,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Legacy Capital Partners Inc. raised its stake in Artisan Partners Asset Management by 89.7% during the 3rd quarter. Legacy Capital Partners Inc. now owns 65,890 shares of the asset manager’s stock valued at $2,148,000 after acquiring an additional 31,155 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Artisan Partners Asset Management by 56.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 20,544 shares of the asset manager’s stock valued at $670,000 after acquiring an additional 7,444 shares in the last quarter. SG Americas Securities LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter valued at $192,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Artisan Partners Asset Management by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,425,554 shares of the asset manager’s stock valued at $144,273,000 after acquiring an additional 148,713 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Artisan Partners Asset Management by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 753,342 shares of the asset manager’s stock valued at $24,559,000 after acquiring an additional 34,559 shares in the last quarter. Institutional investors and hedge funds own 63.94% of the company’s stock.

Artisan Partners Asset Management Inc. (APAM) traded down $0.05 on Wednesday, hitting $38.45. The stock had a trading volume of 115,184 shares, compared to its average volume of 456,196. Artisan Partners Asset Management Inc. has a 12 month low of $26.30 and a 12 month high of $38.55. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. The company has a market cap of $2,848.91, a P/E ratio of 18.66, a PEG ratio of 1.62 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $204.53 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. research analysts expect that Artisan Partners Asset Management Inc. will post 2.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is presently 129.73%.

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Several analysts have weighed in on APAM shares. Keefe, Bruyette & Woods downgraded Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $32.00 to $33.00 in a research note on Wednesday, August 2nd. BidaskClub downgraded 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 Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 10th. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.93.

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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