Kestra Investment Management LLC grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,086 shares of the asset manager's stock after acquiring an additional 16,695 shares during the quarter. Kestra Investment Management LLC owned about 0.06% of Artisan Partners Asset Management worth $2,070,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. CIBC Asset Management Inc bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $200,000. Principal Financial Group Inc. boosted its position in shares of Artisan Partners Asset Management by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock valued at $14,695,000 after acquiring an additional 10,802 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted 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 valued at $68,432,000 after acquiring an additional 56,190 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $352,000. Finally, Measured Wealth Private Client Group LLC lifted its position in Artisan Partners Asset Management by 49.0% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 11,428 shares of the asset manager's stock worth $492,000 after buying an additional 3,760 shares during the last quarter. Institutional investors own 86.45% of the company's stock.
Artisan Partners Asset Management Trading Down 3.6 %
Artisan Partners Asset Management stock traded down $1.60 during trading hours on Friday, reaching $42.33. The company had a trading volume of 649,916 shares, compared to its average volume of 472,886. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The company has a 50-day moving average price of $43.62 and a 200 day moving average price of $43.81. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 11.63 and a beta of 1.81. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping analysts' consensus estimates 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 forecast 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 92.31%.
Analysts Set New Price Targets
A number of analysts recently weighed in on APAM shares. Evercore ISI boosted their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada dropped their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Finally, TD Cowen boosted their target price on 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $44.38.
Check Out Our Latest Analysis on Artisan Partners Asset Management
Artisan Partners Asset Management Profile
(
Free Report)
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.
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