Artisan Partners Asset Management Inc. (NYSE:APAM) Holdings Reduced by Wasatch Advisors LP

Wasatch Advisors LP decreased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,380,122 shares of the asset manager's stock after selling 431,958 shares during the quarter. Wasatch Advisors LP owned approximately 1.72% of Artisan Partners Asset Management worth $59,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Operose Advisors LLC increased its position in Artisan Partners Asset Management by 0.9% during the fourth quarter. Operose Advisors LLC now owns 57,288 shares of the asset manager's stock worth $2,466,000 after purchasing an additional 486 shares during the last quarter. Mariner LLC increased its holdings in shares of Artisan Partners Asset Management by 21.0% during the 4th quarter. Mariner LLC now owns 18,771 shares of the asset manager's stock worth $808,000 after buying an additional 3,253 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter worth $293,000. Rockefeller Capital Management L.P. boosted its holdings in Artisan Partners Asset Management by 3.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 31,659 shares of the asset manager's stock valued at $1,363,000 after acquiring an additional 948 shares during the last quarter. Finally, Oak Associates Ltd. OH grew its position in Artisan Partners Asset Management by 33.1% during the fourth quarter. Oak Associates Ltd. OH now owns 16,405 shares of the asset manager's stock valued at $706,000 after acquiring an additional 4,077 shares during the period. Institutional investors and hedge funds own 86.45% of the company's stock.

Wall Street Analyst Weigh In

APAM has been the topic of several research analyst reports. StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. TD Cowen cut their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI reduced their price objective on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.63.

Artisan Partners Asset Management Stock Up 0.4 %

Shares of APAM stock traded up $0.15 on Friday, hitting $35.04. The stock had a trading volume of 402,746 shares, compared to its average volume of 461,904. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. 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 firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.63 and a beta of 1.80. The stock's 50 day moving average is $39.80 and its 200-day moving average is $43.20.

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%. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared 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. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. 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.