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Artisan Partners Asset Management Inc. $APAM Stake Lowered by Victory Capital Management Inc.
Victory Capital Management Inc. reduced its stake in Artisan Partners Asset Management (APAM) by 3.5% in the third quarter, now holding 1,312,171 shares. Artisan Partners reported strong Q3 earnings, beating analyst expectations with $1.26 EPS and $335.5 million in revenue, and offers an annual dividend with a 134.0% yield. Analysts currently rate the stock as “Hold” with an average price target of $44.00, despite increased institutional ownership of 86.45%.