Loomis Sayles & Co. L P decreased its holdings in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 509,705 shares of the asset manager’s stock after selling 5,452 shares during the period. Loomis Sayles & Co. L P owned about 0.66% of Artisan Partners Asset Management worth $16,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new position in Artisan Partners Asset Management during the second quarter worth about $203,000. We Are One Seven LLC bought a new position in Artisan Partners Asset Management during the third quarter worth about $207,000. IFG Advisory LLC bought a new position in Artisan Partners Asset Management during the third quarter worth about $207,000. Wesbanco Bank Inc. bought a new position in Artisan Partners Asset Management during the third quarter worth about $209,000. Finally, New England Asset Management Inc. bought a new position in Artisan Partners Asset Management during the second quarter worth about $250,000. Hedge funds and other institutional investors own 62.70% of the company’s stock.

NYSE:APAM opened at $24.46 on Friday. Artisan Partners Asset Management Inc has a 1 year low of $24.11 and a 1 year high of $41.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $1.91 billion, a PE ratio of 10.15, a PEG ratio of 0.89 and a beta of 1.69.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $212.80 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc will post 3.01 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date was Thursday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 99.59%.

APAM has been the subject of a number of analyst reports. Royal Bank of Canada set a $34.00 price target on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Thursday, November 1st. Citigroup cut their price target on shares of Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, ValuEngine cut shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.80.

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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.

Further Reading: Buyback

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

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