Arete Wealth Advisors LLC Purchases New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Arete Wealth Advisors LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,250 shares of the asset manager's stock, valued at approximately $312,000.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock worth $76,920,000 after acquiring an additional 82,868 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Artisan Partners Asset Management by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock worth $14,695,000 after purchasing an additional 10,802 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth $255,000. Jennison Associates LLC increased its stake in shares of Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager's stock valued at $1,841,000 after buying an additional 16,166 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Artisan Partners Asset Management by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager's stock valued at $2,225,000 after buying an additional 7,966 shares during the last quarter. Institutional investors own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada decreased 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 report on Monday, February 3rd. Evercore ISI decreased their price target on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research note on Friday. TD Cowen lowered their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday. Finally, StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.63.

Artisan Partners Asset Management Trading Up 1.4 %

Artisan Partners Asset Management stock traded up $0.49 during trading hours on Friday, reaching $35.50. 533,501 shares of the company's stock traded hands, compared to its average volume of 459,815. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.75 and a beta of 1.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The firm's 50 day moving average is $40.75 and its 200-day moving average is $43.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.63%. 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.