Amundi Has $1.69 Million Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Amundi grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 128.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,254 shares of the asset manager's stock after buying an additional 22,634 shares during the quarter. Amundi owned 0.05% of Artisan Partners Asset Management worth $1,691,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC raised its stake in Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after acquiring an additional 263 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Artisan Partners Asset Management by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock valued at $208,000 after purchasing an additional 226 shares during the last quarter. Aviance Capital Partners LLC boosted its position in Artisan Partners Asset Management by 6.7% in the fourth quarter. Aviance Capital Partners LLC now owns 33,513 shares of the asset manager's stock valued at $1,443,000 after buying an additional 2,098 shares in the last quarter. Callan Family Office LLC bought a new stake in Artisan Partners Asset Management during the fourth quarter worth about $473,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth approximately $20,607,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada reduced their target price on 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. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management has an average rating of "Hold" and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 0.4 %

Shares of NYSE:APAM traded down $0.18 during trading on Friday, hitting $40.24. 1,314,133 shares of the company's stock were exchanged, compared to its average volume of 419,301. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.23 billion, a P/E ratio of 11.05 and a beta of 1.83. The firm has a 50-day moving average price of $42.72 and a two-hundred day moving average price of $43.90. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 74.02% and a net margin of 23.36%. Equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share 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. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 4.97%. Artisan Partners Asset Management's dividend payout ratio (DPR) 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.