Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,061 shares of the asset manager’s stock after selling 8,995 shares during the period. NewEdge Wealth LLC’s holdings in Artisan Partners Asset Management were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. State Street Corp raised its position in Artisan Partners Asset Management by 1.2% during the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after acquiring an additional 33,723 shares during the period. Charles Schwab Investment Management Inc. raised its position in Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after acquiring an additional 154,536 shares during the period. Wasatch Advisors LP raised its position in Artisan Partners Asset Management by 25.3% during the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock worth $78,499,000 after acquiring an additional 365,434 shares during the period. Geode Capital Management LLC raised its position in Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after acquiring an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Artisan Partners Asset Management by 3.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager’s stock worth $68,432,000 after acquiring an additional 56,190 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $42.18 on Friday. The firm has a 50-day simple moving average of $43.36 and a 200-day simple moving average of $43.95. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.59 and a beta of 1.81. 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 Inc. has a 52 week low of $37.89 and a 52 week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating 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, equities analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday. 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. Finally, Evercore ISI increased their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.