Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Napatree Capital LLC

Napatree Capital LLC lifted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.0% in the fourth quarter, HoldingsChannel reports. The fund owned 16,542 shares of the asset manager’s stock after purchasing an additional 1,767 shares during the quarter. Napatree Capital LLC’s holdings in Artisan Partners Asset Management were worth $712,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after acquiring an additional 263 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Artisan Partners Asset Management by 110.7% during the fourth 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 during the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $44,000 after purchasing an additional 642 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. Finally, R Squared Ltd acquired a new stake in Artisan Partners Asset Management during the fourth quarter valued at approximately $62,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Down 0.4 %

APAM stock opened at $40.24 on Friday. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The company’s 50 day simple moving average is $42.71 and its 200-day simple moving average is $43.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The firm has a market capitalization of $3.23 billion, a P/E ratio of 11.05 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 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%. As a group, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.97%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is 92.31%.

Analyst Upgrades and Downgrades

APAM has been the subject of several recent research reports. 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. Royal Bank of Canada cut their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus target price 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.