Smartleaf Asset Management LLC Has $44,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Smartleaf Asset Management LLC lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 166.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,027 shares of the asset manager’s stock after purchasing an additional 642 shares during the period. Smartleaf Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $44,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its position in shares of Artisan Partners Asset Management by 6.0% during the 3rd quarter. Atria Investments Inc now owns 17,993 shares of the asset manager’s stock valued at $779,000 after acquiring an additional 1,023 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Artisan Partners Asset Management by 7.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,318 shares of the asset manager’s stock valued at $2,050,000 after purchasing an additional 3,136 shares during the period. Versor Investments LP raised its holdings in shares of Artisan Partners Asset Management by 125.4% in the 3rd quarter. Versor Investments LP now owns 14,921 shares of the asset manager’s stock worth $646,000 after buying an additional 8,300 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Artisan Partners Asset Management by 6.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,461 shares of the asset manager’s stock worth $280,000 after buying an additional 406 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Artisan Partners Asset Management by 71.3% during the 3rd quarter. GSA Capital Partners LLP now owns 11,378 shares of the asset manager’s stock worth $493,000 after buying an additional 4,736 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 5.5 %

Shares of NYSE APAM opened at $39.97 on Wednesday. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The firm’s 50-day simple moving average is $43.12 and its 200 day simple moving average is $44.03. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 10.98 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last released its 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 return on equity of 74.02% and a net margin of 23.36%. On average, research 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Analyst Ratings Changes

A number of analysts have weighed in on APAM shares. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada lowered their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One 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 company currently has a consensus rating of “Hold” and an average price target 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.