Harbor Capital Advisors Inc. Trims Stock Holdings in Artisan Partners Asset Management Inc. $APAM

Harbor Capital Advisors Inc. decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,417 shares of the asset manager’s stock after selling 183,042 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Artisan Partners Asset Management were worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of Artisan Partners Asset Management by 37.7% in the first quarter. HighTower Advisors LLC now owns 14,746 shares of the asset manager’s stock worth $577,000 after buying an additional 4,038 shares in the last quarter. American Century Companies Inc. grew its position in Artisan Partners Asset Management by 6.6% during the first quarter. American Century Companies Inc. now owns 47,013 shares of the asset manager’s stock worth $1,838,000 after buying an additional 2,928 shares in the last quarter. SVB Wealth LLC bought a new position in Artisan Partners Asset Management in the 1st quarter worth about $33,000. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Artisan Partners Asset Management by 4.7% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 33,672 shares of the asset manager’s stock valued at $1,317,000 after acquiring an additional 1,515 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $790,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

APAM has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday. Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Finally, TD Cowen lowered their price target on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.25.

Artisan Partners Asset Management Price Performance

APAM stock opened at $41.74 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $3.37 billion, a P/E ratio of 11.40 and a beta of 1.77. The firm’s fifty day moving average is $42.58 and its 200 day moving average is $44.31. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 8.4%. The ex-dividend date was Friday, November 14th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s dividend payout ratio is 96.17%.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.