Invesco Ltd. Sells 19,260 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Invesco Ltd. trimmed its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 456,879 shares of the asset manager's stock after selling 19,260 shares during the quarter. Invesco Ltd. owned 0.57% of Artisan Partners Asset Management worth $19,669,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 for the company in a research report on Monday, February 3rd. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. TD Cowen decreased 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 research report on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research 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. According to data from MarketBeat, Artisan Partners Asset Management has an average rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management Trading Down 2.4 %

Shares of APAM stock traded down $0.84 on Monday, hitting $34.20. The stock had a trading volume of 527,056 shares, compared to its average volume of 462,214. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month 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 company has a fifty day moving average price of $39.60 and a two-hundred day moving average price of $43.15. The firm has a market cap of $2.75 billion, a P/E ratio of 9.40 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS 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%. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued 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 yield of 5.85%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 92.31%.

Artisan Partners Asset Management 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.