Bank of New York Mellon Corp Cuts Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Bank of New York Mellon Corp lessened its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,610 shares of the asset manager's stock after selling 10,261 shares during the quarter. Bank of New York Mellon Corp owned 0.55% of Artisan Partners Asset Management worth $19,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth about $62,000. GAMMA Investing LLC lifted its holdings in shares of Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock worth $64,000 after acquiring an additional 350 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 70.9% in the 4th quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager's stock worth $66,000 after acquiring an additional 638 shares during the last quarter. KBC Group NV lifted its holdings in shares of Artisan Partners Asset Management by 22.9% in the 3rd quarter. KBC Group NV now owns 2,218 shares of the asset manager's stock worth $96,000 after acquiring an additional 413 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth about $200,000. Institutional investors own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada reduced their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $44.38.

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Artisan Partners Asset Management Trading Up 2.8 %

APAM stock traded up $1.06 during trading on Friday, hitting $39.57. The company had a trading volume of 536,166 shares, compared to its average volume of 523,734. 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 firm has a market capitalization of $3.18 billion, a P/E ratio of 10.87 and a beta of 1.83. The company has a 50 day simple moving average of $42.89 and a 200-day simple moving average of $43.94. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. As a group, research analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Friday, February 14th. 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.