Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Holdings Trimmed by Capital World Investors

Capital World Investors lessened its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,281,561 shares of the asset manager’s stock after selling 1,539 shares during the period. Capital World Investors owned about 1.59% of Artisan Partners Asset Management worth $55,171,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted 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 during the period. Bessemer Group Inc. raised its stake in Artisan Partners Asset Management by 208.6% during the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock worth $25,000 after acquiring an additional 388 shares during the period. 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 worth $27,000 after acquiring an additional 330 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on APAM. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Evercore ISI dropped their price objective on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reduced 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. Finally, TD Cowen cut their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and an average price target of $39.63.

Artisan Partners Asset Management Stock Performance

APAM stock opened at $34.20 on Tuesday. The company has a 50-day simple moving average of $39.60 and a 200 day simple moving average of $43.15. The company has a market capitalization of $2.75 billion, a P/E ratio of 9.40 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 fifty-two week low of $32.75 and a fifty-two week high of $49.54.

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 (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%. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is presently 92.31%.

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.