Wells Fargo & Company MN Lowers Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Wells Fargo & Company MN trimmed its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 733,550 shares of the asset manager's stock after selling 40,641 shares during the period. Wells Fargo & Company MN owned approximately 0.91% of Artisan Partners Asset Management worth $31,579,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Artisan Partners Asset Management by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock worth $208,000 after purchasing an additional 226 shares during the period. Larson Financial Group LLC lifted its stake in shares of 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 valued at $25,000 after buying an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Artisan Partners Asset Management by 110.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after buying an additional 330 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 valued at $64,000 after buying an additional 350 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Artisan Partners Asset Management by 21.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,650 shares of the asset manager's stock worth $114,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Performance

NYSE APAM traded down $0.03 on Wednesday, hitting $35.45. 78,442 shares of the stock traded hands, compared to its average volume of 553,419. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.74 and a beta of 1.80. The business's fifty day moving average is $40.39 and its two-hundred day moving average is $43.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $49.54.

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 for the quarter, topping 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%. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business 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. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.64%. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Cowen decreased their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Evercore ISI reduced their target price on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.63.

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.