KLP Kapitalforvaltning AS Purchases Shares of 19,800 Artisan Partners Asset Management Inc. (NYSE:APAM)

KLP Kapitalforvaltning AS purchased a new position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,800 shares of the asset manager's stock, valued at approximately $852,000.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Artisan Partners Asset Management by 5.2% in the fourth quarter. Sei Investments Co. now owns 101,826 shares of the asset manager's stock worth $4,384,000 after buying an additional 5,065 shares during the period. Teacher Retirement System of Texas boosted its stake in Artisan Partners Asset Management by 6.6% in the 4th quarter. Teacher Retirement System of Texas now owns 164,039 shares of the asset manager's stock worth $7,062,000 after purchasing an additional 10,120 shares during the period. Intech Investment Management LLC grew its position in Artisan Partners Asset Management by 56.3% during the 4th quarter. Intech Investment Management LLC now owns 20,555 shares of the asset manager's stock worth $885,000 after purchasing an additional 7,400 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Artisan Partners Asset Management during the 4th quarter valued at $254,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at $212,000. Institutional investors own 86.45% of the company's stock.

Analyst Ratings Changes

APAM has been the subject of several research analyst reports. Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research note 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, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Artisan Partners Asset Management has a consensus rating of "Hold" and an average target price of $44.38.

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Artisan Partners Asset Management Stock Down 2.9 %

NYSE APAM traded down $1.07 on Friday, reaching $35.94. The stock had a trading volume of 345,419 shares, compared to its average volume of 446,619. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.88 and a beta of 1.83. 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 1 year low of $34.20 and a 1 year high of $49.54. The business has a 50 day moving average price of $42.20 and a 200 day moving average price of $43.88.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (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 forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.57%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's payout ratio is 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.