Zurcher Kantonalbank Zurich Cantonalbank Has $830,000 Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,281 shares of the asset manager’s stock after acquiring an additional 4,199 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Artisan Partners Asset Management were worth $830,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC increased 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. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 642 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $57,000. R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at about $62,000. Finally, GAMMA Investing LLC increased its position in Artisan Partners Asset Management by 31.0% in the 4th 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 in the last quarter. 86.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Artisan Partners Asset Management has an average rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 1.2 %

Shares of Artisan Partners Asset Management stock opened at $40.38 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $42.72 and a 200 day simple moving average of $43.90. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The company has a market capitalization of $3.24 billion, a P/E ratio of 11.09 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate 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 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 of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.95%. 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.