Farther Finance Advisors LLC Decreases Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Farther Finance Advisors LLC trimmed its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,058 shares of the asset manager’s stock after selling 250 shares during the quarter. Farther Finance Advisors LLC’s holdings in Artisan Partners Asset Management were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APAM. Raymond James Financial Inc. acquired a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $20,607,000. Wasatch Advisors LP raised its holdings in shares of Artisan Partners Asset Management by 25.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after purchasing an additional 365,434 shares in the last quarter. Channing Capital Management LLC raised its holdings in shares of Artisan Partners Asset Management by 14.5% in the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after purchasing an additional 224,455 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Artisan Partners Asset Management by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after purchasing an additional 154,536 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $4,247,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. One 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $40.24 on Monday. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $43.94. The firm has a market cap of $3.23 billion, a PE ratio of 11.05 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.97%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Artisan Partners Asset Management Company Profile

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.