Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lessened its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,385 shares of the asset manager’s stock after selling 368 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Artisan Partners Asset Management were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Artisan Partners Asset Management by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after acquiring an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 1,067 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at about $62,000. MCF Advisors LLC grew its position in shares of Artisan Partners Asset Management by 70.9% in the fourth quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 638 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Artisan Partners Asset Management by 22.9% in the third quarter. KBC Group NV now owns 2,218 shares of the asset manager’s stock valued at $96,000 after purchasing an additional 413 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Evercore ISI raised their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Price Performance

Shares of APAM stock opened at $45.23 on Wednesday. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 12.43 and a beta of 1.81. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The firm has a fifty day moving average of $44.31 and a 200-day moving average of $43.73. 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 issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS 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%. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.53 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 90.11%.

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.