Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 59.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,409 shares of the asset manager's stock after selling 25,603 shares during the period. Mackenzie Financial Corp's holdings in Artisan Partners Asset Management were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Napatree Capital LLC lifted its position in Artisan Partners Asset Management by 1.8% during the 1st quarter. Napatree Capital LLC now owns 16,843 shares of the asset manager's stock worth $659,000 after acquiring an additional 301 shares during the period. Stifel Financial Corp raised its stake in shares of Artisan Partners Asset Management by 0.3% during the fourth quarter. Stifel Financial Corp now owns 120,023 shares of the asset manager's stock worth $5,167,000 after purchasing an additional 319 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Artisan Partners Asset Management by 208.6% during the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after purchasing an additional 388 shares during the last quarter. Operose Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 0.9% during the fourth quarter. Operose Advisors LLC now owns 57,288 shares of the asset manager's stock worth $2,466,000 after purchasing an additional 486 shares during the period. Finally, Isthmus Partners LLC grew its position in Artisan Partners Asset Management by 0.7% in the 1st quarter. Isthmus Partners LLC now owns 69,534 shares of the asset manager's stock valued at $2,719,000 after buying an additional 497 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Artisan Partners Asset Management

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

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM traded up $0.79 during midday trading on Friday, hitting $46.05. 703,993 shares of the stock were exchanged, compared to its average volume of 586,039. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The stock has a market cap of $3.71 billion, a P/E ratio of 12.25 and a beta of 1.69. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $44.47 and a 200-day moving average price of $41.97.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%. The firm had revenue of $282.80 million during the quarter, compared to the consensus estimate of $269.00 million. During the same period in the previous year, the firm posted $0.82 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Artisan Partners Asset Management's previous quarterly dividend of $0.68. Artisan Partners Asset Management's dividend payout ratio is presently 77.66%.

Analysts Set New Price Targets

A number of brokerages have commented on APAM. Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Evercore ISI reduced 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 report on Thursday, May 1st. Cowen reaffirmed a "hold" rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Finally, TD Securities boosted their target price on 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.30.

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.