Hennion & Walsh Asset Management Inc. Reduces Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Hennion & Walsh Asset Management Inc. lowered its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,378 shares of the asset manager’s stock after selling 3,532 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Artisan Partners Asset Management were worth $1,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in APAM. Quadrature Capital Ltd bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $925,000. Wasatch Advisors LP boosted its position in Artisan Partners Asset Management by 25.2% during the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after acquiring an additional 318,355 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Artisan Partners Asset Management by 28.1% during the 3rd quarter. Stifel Financial Corp now owns 177,515 shares of the asset manager’s stock worth $6,643,000 after acquiring an additional 38,951 shares during the period. Natixis Advisors L.P. raised its position in shares of Artisan Partners Asset Management by 33.2% in the 4th quarter. Natixis Advisors L.P. now owns 167,010 shares of the asset manager’s stock worth $7,378,000 after acquiring an additional 41,599 shares in the last quarter. Finally, FCF Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $988,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Up 1.8 %

Artisan Partners Asset Management stock opened at $41.27 on Friday. Artisan Partners Asset Management Inc. has a 12 month low of $32.12 and a 12 month high of $46.75. The business’s fifty day simple moving average is $42.83 and its two-hundred day simple moving average is $43.20. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 12.58 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The firm had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 5.91%. Artisan Partners Asset Management’s dividend payout ratio is currently 74.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th.

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.