478,685 Shares in Artisan Partners Asset Management Inc. (NYSE:APAM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 478,685 shares of the asset manager's stock, valued at approximately $20,607,000. Raymond James Financial Inc. owned 0.60% of Artisan Partners Asset Management at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Artisan Partners Asset Management by 166.8% in 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. purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at about $57,000. R Squared Ltd purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at about $62,000. GAMMA Investing LLC raised its position in Artisan Partners Asset Management by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after purchasing an additional 350 shares during the period. Finally, MCF Advisors LLC raised its position in Artisan Partners Asset Management by 70.9% in the fourth quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager's stock valued at $66,000 after purchasing an additional 638 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada cut their price objective on 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. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $44.38.

Remove Ads

Artisan Partners Asset Management Stock Down 1.2 %

Shares of NYSE APAM traded down $0.48 during midday trading on Thursday, reaching $40.38. 437,071 shares of the company's stock were exchanged, compared to its average volume of 415,193. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The stock has a market capitalization of $3.24 billion, a PE ratio of 11.09 and a beta of 1.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The business's fifty day moving average price is $42.75 and its two-hundred day moving average price is $43.92.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's payout ratio is 92.31%.

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.