Royce & Associates LP Has $44.59 Million Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Royce & Associates LP raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,035,725 shares of the asset manager’s stock after acquiring an additional 4,212 shares during the period. Royce & Associates LP’s holdings in Artisan Partners Asset Management were worth $44,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APAM. Larson Financial Group LLC increased its position in Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its position in Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC boosted its stake 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 valued at $44,000 after purchasing an additional 642 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $57,000. Finally, R Squared Ltd bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $62,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 2.8 %

Shares of NYSE APAM opened at $39.57 on Friday. The firm has a market cap of $3.18 billion, a PE ratio of 10.87 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The company’s fifty day simple moving average is $42.82 and its 200 day simple moving average is $43.94. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data 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, sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share 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. Shareholders 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 5.05%. Artisan Partners Asset Management’s payout ratio is 92.31%.

Analyst Ratings Changes

APAM has been the topic of a number of analyst reports. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. 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. One research 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.38.

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.