Asset Management One Co. Ltd. Sells 6,248 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Asset Management One Co. Ltd. trimmed its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,721 shares of the asset manager's stock after selling 6,248 shares during the period. Asset Management One Co. Ltd.'s holdings in Artisan Partners Asset Management were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of Artisan Partners Asset Management by 208.6% during the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after buying an additional 388 shares during the last quarter. Larson Financial Group LLC raised its stake in Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after acquiring an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 110.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after acquiring an additional 330 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock worth $44,000 after acquiring an additional 642 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at approximately $57,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Up 2.7%

Shares of Artisan Partners Asset Management stock traded up $1.19 during trading on Tuesday, hitting $45.52. The company's stock had a trading volume of 512,923 shares, compared to its average volume of 586,794. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 12.57 and a beta of 1.70. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The stock has a 50-day moving average price of $41.12 and a two-hundred day moving average price of $41.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.87 and a quick ratio of 0.87.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 73.48% and a net margin of 23.24%. The firm had revenue of $277.10 million for the quarter, compared to analyst estimates of $281.15 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business's revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's payout ratio is presently 75.14%.

Insider Buying and Selling

In related news, CFO Charles J. Daley, Jr. sold 15,448 shares of Artisan Partners Asset Management stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $40.45, for a total transaction of $624,871.60. Following the completion of the transaction, the chief financial officer owned 91,363 shares of the company's stock, valued at $3,695,633.35. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samuel Bentson Sellers sold 6,801 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total transaction of $300,876.24. Following the completion of the transaction, the executive vice president owned 40,529 shares in the company, valued at approximately $1,793,002.96. The trade was a 14.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APAM. Evercore ISI dropped their price objective on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada boosted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. TD Securities upped their target price on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.90.

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.