Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 168,862 shares of the asset manager's stock after acquiring an additional 17,688 shares during the quarter. Deutsche Bank AG owned 0.21% of Artisan Partners Asset Management worth $7,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in APAM. Raymond James Financial Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter worth about $20,607,000. Channing Capital Management LLC increased its stake in shares of Artisan Partners Asset Management by 14.5% during the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after buying an additional 224,455 shares during the period. Hsbc Holdings PLC increased its stake in shares of Artisan Partners Asset Management by 3,041.5% during the fourth quarter. Hsbc Holdings PLC now owns 150,730 shares of the asset manager's stock worth $6,495,000 after buying an additional 145,932 shares during the period. Norges Bank purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth approximately $5,627,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after buying an additional 128,717 shares during the period. Institutional investors and hedge funds own 86.45% of the company's stock.

Insider Activity at Artisan Partners Asset Management

In other news, EVP Samuel Bentson Sellers sold 6,801 shares of the company's stock in a transaction dated 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 now owns 40,529 shares of the company's stock, valued at $1,793,002.96. This represents a 14.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.98% of the stock is currently owned by corporate insiders.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM traded down $0.57 during mid-day trading on Tuesday, hitting $42.41. 529,477 shares of the company were exchanged, compared to its average volume of 484,473. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $42.56. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 11.65 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its 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 74.02% and a net margin of 23.36%. The company had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. During the same quarter last year, the company earned $0.76 earnings per share. Artisan Partners Asset Management's quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 75.14%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APAM shares. TD Cowen decreased their price objective on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. TD Securities lifted their price objective on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. StockNews.com raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI dropped their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.90.

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.