Thrivent Financial for Lutherans Trims Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Thrivent Financial for Lutherans cut its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,978 shares of the asset manager's stock after selling 20,442 shares during the period. Thrivent Financial for Lutherans owned 0.13% of Artisan Partners Asset Management worth $4,433,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APAM. Larson Financial Group LLC raised its holdings in Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after purchasing an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 330 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after acquiring an additional 642 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Artisan Partners Asset Management during the 4th quarter worth $57,000. Finally, R Squared Ltd purchased a new stake in Artisan Partners Asset Management during the 4th quarter worth approximately $62,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $44.38.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM traded down $1.17 during midday trading on Friday, hitting $39.11. The company had a trading volume of 382,858 shares, compared to its average volume of 444,355. The business's 50-day simple moving average is $42.58 and its 200-day simple moving average is $43.91. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 10.74 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly 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 net margin of 23.36% and a return on equity of 74.02%. On average, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 5.11%. Artisan Partners Asset Management's dividend payout ratio is currently 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.