Stifel Financial Corp Sells 34,258 Shares of Artisan Partners Asset Management Inc (NYSE:APAM)

Stifel Financial Corp lowered its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,386 shares of the asset manager’s stock after selling 34,258 shares during the period. Stifel Financial Corp’s holdings in Artisan Partners Asset Management were worth $582,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in APAM. Clarkston Capital Partners LLC boosted its holdings in Artisan Partners Asset Management by 211.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 2,046,620 shares of the asset manager’s stock valued at $45,251,000 after acquiring an additional 1,389,129 shares in the last quarter. BlackRock Inc. lifted its position in Artisan Partners Asset Management by 9.0% during the fourth quarter. BlackRock Inc. now owns 3,680,976 shares of the asset manager’s stock valued at $81,386,000 after buying an additional 305,076 shares during the period. Raymond James & Associates lifted its position in Artisan Partners Asset Management by 142.4% during the fourth quarter. Raymond James & Associates now owns 495,516 shares of the asset manager’s stock valued at $10,956,000 after buying an additional 291,086 shares during the period. Velanne Asset Management Ltd purchased a new position in Artisan Partners Asset Management during the fourth quarter valued at $3,112,000. Finally, Dimensional Fund Advisors LP lifted its position in Artisan Partners Asset Management by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,184,041 shares of the asset manager’s stock valued at $26,179,000 after buying an additional 122,050 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.

Shares of APAM traded up $0.64 during trading hours on Friday, hitting $28.45. The company had a trading volume of 274,950 shares, compared to its average volume of 479,919. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $2.18 billion, a PE ratio of 9.68, a P/E/G ratio of 1.60 and a beta of 1.78. Artisan Partners Asset Management Inc has a 52-week low of $20.16 and a 52-week high of $35.50.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, April 30th. The asset manager reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $187.00 million during the quarter, compared to analyst estimates of $186.26 million. Artisan Partners Asset Management had a return on equity of 184.56% and a net margin of 19.10%. Artisan Partners Asset Management’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc will post 2.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.73%. Artisan Partners Asset Management’s dividend payout ratio is currently 76.19%.

In other Artisan Partners Asset Management news, insider Jason A. Gottlieb sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total transaction of $261,800.00. Following the completion of the sale, the insider now directly owns 101,710 shares in the company, valued at approximately $2,662,767.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 24.44% of the company’s stock.

APAM has been the subject of several recent research reports. Zacks Investment Research raised Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup lowered Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a research report on Monday, January 14th. Bank of America set a $25.00 price objective on Artisan Partners Asset Management and gave the company a “sell” rating in a research report on Tuesday, April 9th. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Finally, ValuEngine raised Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.60.

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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.

See Also: Compound Annual Growth Rate (CAGR)

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

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