DGS Capital Management LLC Sells 1,209 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

DGS Capital Management LLC cut its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,912 shares of the asset manager’s stock after selling 1,209 shares during the quarter. DGS Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APAM. Phocas Financial Corp. boosted its stake in shares of Artisan Partners Asset Management by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 135,951 shares of the asset manager’s stock worth $6,006,000 after buying an additional 2,378 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $1,515,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Artisan Partners Asset Management by 29.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock valued at $41,288,000 after buying an additional 211,965 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Artisan Partners Asset Management by 7.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,225 shares of the asset manager’s stock valued at $1,645,000 after buying an additional 2,447 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Artisan Partners Asset Management by 716.0% in the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock valued at $27,000 after buying an additional 537 shares during the period. 86.45% of the stock is owned by institutional investors.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th. TD Cowen assumed coverage on Artisan Partners Asset Management in a research note on Thursday, January 4th. They set a “market perform” rating and a $41.00 target price for the company.

Artisan Partners Asset Management Price Performance

NYSE APAM traded down $0.46 on Tuesday, hitting $42.52. 128,501 shares of the company’s stock were exchanged, compared to its average volume of 477,196. Artisan Partners Asset Management Inc. has a 52 week low of $31.27 and a 52 week high of $46.75. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 13.60 and a beta of 1.85. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $43.69 and a 200-day moving average of $40.73.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The company had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $249.90 million. During the same period in the prior year, the company earned $0.65 EPS. Artisan Partners Asset Management’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Artisan Partners Asset Management Inc. will post 3.42 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $1.02 dividend. This represents a yield of 5.5%. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. The ex-dividend date was Wednesday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is presently 86.08%.

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.