Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,451 shares of the asset manager's stock after buying an additional 18,284 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Artisan Partners Asset Management worth $4,884,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after acquiring an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Artisan Partners Asset Management by 110.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after purchasing an additional 330 shares during the period. Smartleaf Asset Management LLC raised its position in Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after purchasing an additional 642 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $57,000. Finally, R Squared Ltd purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth about $62,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on APAM. StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. TD Cowen reduced their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, Evercore ISI cut their price objective on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of "Hold" and an average target price of $39.63.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $35.66 on Wednesday. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. 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 stock has a market cap of $2.86 billion, a P/E ratio of 9.80 and a beta of 1.80. The stock has a 50 day moving average of $39.43 and a 200-day moving average of $43.10.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.61%. Artisan Partners Asset Management's payout ratio is 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.

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