Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Position Decreased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,854 shares of the asset manager’s stock after selling 1,207 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Artisan Partners Asset Management were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $28,000. Harbour Investments Inc. acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at about $28,000. Logan Capital Management Inc. acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at about $37,000. Finally, KB Financial Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter valued at about $176,000. 69.07% of the stock is owned by institutional investors.

APAM has been the topic of a number of analyst reports. lowered their price objective on Artisan Partners Asset Management from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, June 17th. Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, July 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $49.05 target price (down previously from $50.00) on shares of Artisan Partners Asset Management in a report on Tuesday, July 27th.

Shares of NYSE:APAM opened at $50.26 on Thursday. Artisan Partners Asset Management Inc. has a 1-year low of $36.15 and a 1-year high of $57.65. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.93 and a beta of 1.85. The business’s 50 day moving average is $50.40 and its 200-day moving average is $51.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.83.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, August 3rd. The asset manager reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.07. Artisan Partners Asset Management had a return on equity of 175.52% and a net margin of 27.27%. On average, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Tuesday, August 17th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend was Monday, August 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.88. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 120.12%.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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