Harbor Capital Advisors Inc. Sells 183,042 Shares of Artisan Partners Asset Management Inc. $APAM

Harbor Capital Advisors Inc. reduced its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,417 shares of the asset manager’s stock after selling 183,042 shares during the quarter. Harbor Capital Advisors Inc. owned 0.09% of Artisan Partners Asset Management worth $3,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its position in Artisan Partners Asset Management by 25.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock valued at $109,233,000 after acquiring an additional 493,300 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 3,362.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 437,067 shares of the asset manager’s stock worth $17,089,000 after purchasing an additional 424,445 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Artisan Partners Asset Management by 222.6% in the first quarter. Dark Forest Capital Management LP now owns 121,085 shares of the asset manager’s stock valued at $4,734,000 after purchasing an additional 83,551 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Artisan Partners Asset Management in the second quarter valued at approximately $3,389,000. Finally, Callan Family Office LLC boosted its position in shares of Artisan Partners Asset Management by 972.2% during the second quarter. Callan Family Office LLC now owns 75,237 shares of the asset manager’s stock valued at $3,335,000 after buying an additional 68,220 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Evercore ISI upped their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, TD Cowen reduced their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus price target of $44.25.

Artisan Partners Asset Management Trading Up 0.3%

Shares of Artisan Partners Asset Management stock opened at $41.74 on Thursday. The firm has a market cap of $3.37 billion, a PE ratio of 11.40 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $48.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average price of $42.58 and a 200-day moving average price of $44.31.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The company had revenue of $301.29 million during the quarter, compared to analyst estimates of $300.90 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS 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. Stockholders of record on Friday, November 14th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Friday, November 14th. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 96.17%.

About Artisan Partners Asset Management

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.