Channing Capital Management LLC Trims Holdings in Artisan Partners Asset Management Inc. $APAM

Channing Capital Management LLC cut its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,717,257 shares of the asset manager’s stock after selling 21,777 shares during the quarter. Artisan Partners Asset Management makes up 2.0% of Channing Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Channing Capital Management LLC owned about 2.13% of Artisan Partners Asset Management worth $74,529,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Artisan Partners Asset Management by 0.7% during the third quarter. Vanguard Group Inc. now owns 7,714,737 shares of the asset manager’s stock worth $334,820,000 after acquiring an additional 52,644 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Artisan Partners Asset Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,976,151 shares of the asset manager’s stock worth $131,933,000 after purchasing an additional 35,589 shares during the last quarter. State Street Corp grew its position in shares of Artisan Partners Asset Management by 0.4% in the second quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock valued at $122,755,000 after purchasing an additional 12,356 shares during the period. Geode Capital Management LLC increased its stake in Artisan Partners Asset Management by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,889,436 shares of the asset manager’s stock valued at $83,768,000 after purchasing an additional 25,426 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Artisan Partners Asset Management by 1.6% in the second quarter. Fisher Asset Management LLC now owns 1,479,497 shares of the asset manager’s stock valued at $65,586,000 after purchasing an additional 23,076 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

APAM has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Evercore raised 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 report on Thursday, October 30th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Artisan Partners Asset Management currently has an average rating of “Hold” and an average price target of $44.00.

Artisan Partners Asset Management Stock Down 0.5%

Shares of Artisan Partners Asset Management stock opened at $41.63 on Friday. The company has a fifty day moving average price of $43.03 and a 200 day moving average price of $43.81. The company has a current ratio of 0.76, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $48.50. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 10.38 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 100.75%.

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.