Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Mariner LLC

Mariner LLC lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.0% during the 4th quarter, HoldingsChannel reports. The firm owned 18,771 shares of the asset manager’s stock after purchasing an additional 3,253 shares during the quarter. Mariner LLC’s holdings in Artisan Partners Asset Management were worth $808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 388 shares during the last quarter. Larson Financial Group LLC lifted 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 valued at $25,000 after acquiring an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Artisan Partners Asset Management by 110.7% in the fourth 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 642 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $57,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of NYSE APAM opened at $37.24 on Tuesday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 10.23 and a beta of 1.80. 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 $32.75 and a 52-week high of $49.54. The business’s 50 day moving average is $38.86 and its two-hundred day moving average is $42.94.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. Research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. TD Cowen decreased their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada decreased their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Evercore ISI cut their target price on Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and an average price target of $39.63.

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.