Integrated Investment Consultants LLC Has $265,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Integrated Investment Consultants LLC cut its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 49.6% in the third quarter, Holdings Channel reports. The fund owned 6,125 shares of the asset manager’s stock after selling 6,034 shares during the period. Integrated Investment Consultants LLC’s holdings in Artisan Partners Asset Management were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Matrix Trust Co acquired a new position in Artisan Partners Asset Management in the third quarter valued at about $30,000. GAMMA Investing LLC grew its position in Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after acquiring an additional 348 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP bought a new position in Artisan Partners Asset Management in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APAM. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, July 29th. TD Cowen increased their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI increased their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Artisan Partners Asset Management currently has an average rating of “Hold” and an average target price of $44.13.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of NYSE:APAM opened at $47.68 on Friday. The firm has a market cap of $3.83 billion, a P/E ratio of 13.28 and a beta of 1.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 12 month low of $36.45 and a 12 month high of $49.52. The company’s 50-day moving average price is $44.49 and its two-hundred day moving average price is $42.77.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 91.37%.

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.