NewEdge Wealth LLC Lowers Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

NewEdge Wealth LLC trimmed its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,061 shares of the asset manager's stock after selling 8,995 shares during the quarter. NewEdge Wealth LLC owned about 0.06% of Artisan Partners Asset Management worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter valued at about $62,000. GAMMA Investing LLC boosted its position in Artisan Partners Asset Management by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock worth $64,000 after purchasing an additional 350 shares in the last quarter. MCF Advisors LLC boosted its position in Artisan Partners Asset Management by 70.9% during the fourth quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager's stock worth $66,000 after purchasing an additional 638 shares in the last quarter. KBC Group NV increased its position in shares of Artisan Partners Asset Management by 22.9% in the third quarter. KBC Group NV now owns 2,218 shares of the asset manager's stock valued at $96,000 after buying an additional 413 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter worth $200,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of research reports. StockNews.com raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada lowered 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 report on Monday, February 3rd. Finally, Evercore ISI lifted their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of "Hold" and an average price target of $44.38.

Artisan Partners Asset Management Trading Up 0.0 %

NYSE:APAM traded up $0.00 on Monday, reaching $42.22. The stock had a trading volume of 136,148 shares, compared to its average volume of 462,437. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 11.63 and a beta of 1.81. The firm's fifty day moving average is $43.36 and its two-hundred day moving average is $43.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (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%. Equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) 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.