Wesbanco Bank Inc. Sells 1,400 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Wesbanco Bank Inc. reduced its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,131 shares of the asset manager’s stock after selling 1,400 shares during the quarter. Wesbanco Bank Inc.’s holdings in Artisan Partners Asset Management were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in APAM. Matrix Trust Co acquired a new stake in shares of Artisan Partners Asset Management in the third quarter worth $30,000. Hexagon Capital Partners LLC raised its holdings in Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares during the period. GAMMA Investing LLC lifted its position in Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after acquiring an additional 353 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Artisan Partners Asset Management by 735.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 1,067 shares during the period. Finally, Quarry LP acquired a new stake in shares of Artisan Partners Asset Management in the second quarter valued at about $63,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 0.5 %

Artisan Partners Asset Management stock opened at $44.16 on Friday. The business has a 50 day moving average price of $45.13 and a two-hundred day moving average price of $43.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 12.30 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. The business had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. During the same period in the prior year, the company posted $0.75 earnings per share. Artisan Partners Asset Management’s revenue was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 7.43%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 91.36%.

Analysts Set New Price Targets

APAM has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. TD Cowen upped their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and an average price target of $44.13.

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.