Greatmark Investment Partners Inc. Sells 7,175 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Greatmark Investment Partners Inc. lessened its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 28.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,925 shares of the asset manager's stock after selling 7,175 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Artisan Partners Asset Management were worth $772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APAM. Larson Financial Group LLC increased its position in 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 purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its position in Artisan Partners Asset Management by 110.7% during the 4th 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 increased its position in 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 valued at $44,000 after purchasing an additional 642 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $57,000. Finally, R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 86.45% of the company's stock.

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Artisan Partners Asset Management Stock Up 1.1 %

Shares of APAM traded up $0.45 during trading hours on Wednesday, reaching $40.79. The stock had a trading volume of 614,242 shares, compared to its average volume of 414,938. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The firm has a 50-day simple moving average of $42.77 and a 200 day simple moving average of $43.94. 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 market capitalization of $3.28 billion, a price-to-earnings ratio of 11.21 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued 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 return on equity of 74.02% and a net margin of 23.36%. Equities research analysts predict 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. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 92.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APAM. Royal Bank of Canada reduced their price objective 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 raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.38.

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.