Corient Private Wealth LLC Buys New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Corient Private Wealth LLC purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,931 shares of the asset manager’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Artisan Partners Asset Management by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager’s stock valued at $119,362,000 after purchasing an additional 128,717 shares during the period. State Street Corp increased its holdings in Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after purchasing an additional 33,723 shares in the last quarter. Geode Capital Management LLC lifted its stake in Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after buying an additional 82,868 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 14.5% during the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock worth $76,221,000 after buying an additional 224,455 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager’s stock worth $68,432,000 after buying an additional 56,190 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

APAM has been the topic of a number of research reports. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Royal Bank of Canada decreased their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Trading Up 1.4 %

NYSE APAM opened at $39.66 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54. The business has a 50 day moving average price of $42.42 and a 200-day moving average price of $43.95. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 10.89 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is presently 92.31%.

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.