Artisan Partners Asset (APAM) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its position in shares of Artisan Partners Asset (NYSE:APAM) by 4.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,939,603 shares of the asset manager’s stock after selling 95,905 shares during the period. Neuberger Berman Group LLC’s holdings in Artisan Partners Asset were worth $64,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APAM. BlackRock Inc. grew its stake in shares of Artisan Partners Asset by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,942,573 shares of the asset manager’s stock worth $116,232,000 after buying an additional 48,159 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in shares of Artisan Partners Asset by 3.9% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,472,096 shares of the asset manager’s stock worth $97,648,000 after buying an additional 92,895 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Artisan Partners Asset by 7.6% in the 1st quarter. Wells Fargo & Company MN now owns 2,333,873 shares of the asset manager’s stock worth $77,719,000 after buying an additional 164,698 shares during the last quarter. Channing Capital Management LLC grew its stake in shares of Artisan Partners Asset by 16.2% in the 4th quarter. Channing Capital Management LLC now owns 2,033,289 shares of the asset manager’s stock worth $80,315,000 after buying an additional 284,025 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Artisan Partners Asset by 0.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,515,632 shares of the asset manager’s stock worth $59,867,000 after buying an additional 9,286 shares during the last quarter. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Several analysts recently weighed in on APAM shares. Royal Bank of Canada set a $46.00 price target on Artisan Partners Asset and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Bank of America cut their price target on Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating on the stock in a research note on Thursday, February 8th. Zacks Investment Research downgraded Artisan Partners Asset from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, TheStreet cut Artisan Partners Asset from a “b-” rating to a “c+” rating in a research report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Artisan Partners Asset has a consensus rating of “Hold” and a consensus target price of $38.60.

Artisan Partners Asset opened at $32.70 on Monday, MarketBeat.com reports. The company has a market capitalization of $2.52 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74. Artisan Partners Asset has a 12-month low of $27.40 and a 12-month high of $41.45. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01.

Artisan Partners Asset (NYSE:APAM) last released its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The business had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $211.75 million. Artisan Partners Asset had a return on equity of 160.18% and a net margin of 8.63%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. analysts forecast that Artisan Partners Asset will post 3.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a $0.60 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $2.40 annualized dividend and a yield of 7.34%. Artisan Partners Asset’s dividend payout ratio (DPR) is presently 99.59%.

About Artisan Partners Asset

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.

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

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