Artisan Partners Asset Manageme (NYSE:APAM).
Fisher Asset Management, LLC reports that it lowered its stake in Artisan Partners Asset Manageme stock by 0.5% in its quarterly SEC filing. Its position was worth $56,087,000 an increase of 10.6% as of the end of the quarter.
Fisher Asset Management, LLC isn’t the only one who has changed their investment in APAM. As of the end of the quarter Clinton Group Inc had disposed of 17,526 shares trimming its holdings by 34.9%. The value in dollars went from $1,493,000 to $901,000 a change of 39.7% for the reporting period. Gw&k Investment Management, LLC expanded its stake by buying 53,740 shares an increase of 22.8% in the quarter. Gw&k Investment Management, LLC now controls 289,649 shares with a value of $8,892,000. The value of the position overall is up by 36.6%.
As of quarter end Proficio Capital Partners LLC had bought a total of 190 shares growing its stake by 633.3%. The value of the total investment in Artisan Partners Asset Manageme increased from $1,000 to $6,000 increasing 500.0% since the last quarter.
RBC Capital initiated coverage on the stock giving it an initial rating of “Outperform”. October 14 investment analysts at Keefe Bruyette & Woods held the company rating at “Market Perform” but raised the price expectation from $28.00 to $29.00.
On July 27 Keefe Bruyette & Woods kept the company rating at “Market Perform” and lowered the price target to $28.00 from $42.00. On July 25 the company was changed to a “Sector Perform” in a report from RBC Capital which was a cut from the previous “Outperform” rating.
On June 28, 2016 the stock rating was rated “Underperform” according to a Bank of America report down from the previous “Neutral” rating. On February 11 the stock rating was upgraded from “Sell” to “Neutral” by Citigroup.
The company is so far trading up from yesterday’s close of $31. Additionally Artisan Partners Asset Manageme announced a dividend paid on Wednesday the 31st of May 2017. The dividend payment was $0.600 per share for the quarter or $2.40 on an annualized basis. This dividend represents a yield of $7.74. The ex-dividend date was Monday the 15th of May 2017.
Company shares last traded at $31.15 a bit higher than $29.04, the 50 day moving average and which is just a bit higher than the 200 day moving average of $28.85. The 50 day moving average was up by +7.27% and the 200 day average went up by +7.96%.
The P/E ratio is 19.59 and market capitalization is 1.53B. In the latest earnings report the EPS was $1.59 and is estimated to be $2.31 for the current year with 49,218,000 shares outstanding. Next quarter’s EPS is expected be $0.60 with next year’s EPS projected to be $2.44.