Orion Portfolio Solutions LLC Has $2.68 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Orion Portfolio Solutions LLC grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,152 shares of the asset manager’s stock after purchasing an additional 5,913 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.08% of Artisan Partners Asset Management worth $2,676,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in Artisan Partners Asset Management by 82.7% during 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 boosted its position in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in 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 worth $44,000 after purchasing an additional 642 shares during the period. SBI Securities Co. Ltd. bought a new stake in Artisan Partners Asset Management in the fourth quarter worth approximately $57,000. Finally, R Squared Ltd acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $62,000. 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 $39.08 on Tuesday. The stock’s 50 day moving average is $42.51 and its 200-day moving average is $43.96. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.74 and a beta of 1.83.

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, 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%. Sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business 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. This represents a $2.00 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on APAM. Royal Bank of Canada lowered 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 note on Monday, February 3rd. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $44.38.

About Artisan Partners Asset Management

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.