Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,969 shares of the asset manager’s stock after selling 7,803 shares during the period. Asset Management One Co. Ltd.’s holdings in Artisan Partners Asset Management were worth $1,582,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APAM. Blue Trust Inc. increased its position in shares of Artisan Partners Asset Management by 52.7% during the third quarter. Blue Trust Inc. now owns 2,386 shares of the asset manager’s stock worth $98,000 after acquiring an additional 823 shares during the last quarter. Raymond James & Associates grew its stake in Artisan Partners Asset Management by 8.0% during the 3rd quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock valued at $19,652,000 after purchasing an additional 33,618 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Artisan Partners Asset Management by 35.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,963 shares of the asset manager’s stock valued at $518,000 after purchasing an additional 3,106 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Artisan Partners Asset Management in the 3rd quarter valued at approximately $431,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $43.95 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The company has a fifty day moving average price of $43.71 and a two-hundred day moving average price of $43.78. The company has a market cap of $3.53 billion, a PE ratio of 12.07 and a beta of 1.81.

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

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APAM shares. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI raised their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management 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.