Impact Capital Partners LLC bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,314 shares of the asset manager's stock, valued at approximately $444,000.
Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings 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 worth $25,000 after buying an additional 263 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 worth $27,000 after buying an additional 330 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 worth $44,000 after buying an additional 642 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $57,000. Finally, R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $62,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.
Artisan Partners Asset Management Stock Down 0.4 %
Shares of NYSE APAM traded down $0.15 during midday trading on Tuesday, reaching $40.29. The company's stock had a trading volume of 399,457 shares, compared to its average volume of 518,429. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 11.07 and a beta of 1.83. The stock has a 50 day simple moving average of $42.80 and a 200-day simple moving average of $43.95.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results 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 net margin of 23.36% and a return on equity of 74.02%. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.
Artisan Partners Asset Management Cuts Dividend
The company 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. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.96%. Artisan Partners Asset Management's dividend payout ratio is presently 92.31%.
Wall Street Analyst Weigh In
APAM has been the topic of a number of recent research reports. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $44.38.
Read Our Latest Research Report on APAM
About Artisan Partners Asset Management
(
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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