Duality Advisers LP Grows Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Duality Advisers LP boosted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 80.9% in the 4th quarter, HoldingsChannel reports. The fund owned 10,251 shares of the asset manager’s stock after acquiring an additional 4,585 shares during the quarter. Duality Advisers LP’s holdings in Artisan Partners Asset Management were worth $453,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in Artisan Partners Asset Management by 716.0% in the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after acquiring an additional 537 shares in the last quarter. Private Trust Co. NA raised its position in Artisan Partners Asset Management by 458.3% in the third quarter. Private Trust Co. NA now owns 670 shares of the asset manager’s stock worth $25,000 after acquiring an additional 550 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Artisan Partners Asset Management in the fourth quarter worth $37,000. Sound Income Strategies LLC raised its position in Artisan Partners Asset Management by 1,139.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,735 shares of the asset manager’s stock worth $77,000 after acquiring an additional 1,595 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Artisan Partners Asset Management in the third quarter worth $88,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 2.8 %

Artisan Partners Asset Management stock opened at $41.02 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.38 and a beta of 1.85. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75. The stock’s fifty day moving average is $43.72 and its two-hundred day moving average is $41.01.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). The firm had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 74.25%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Analysts predict that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 82.93%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APAM. TD Cowen started coverage on Artisan Partners Asset Management in a research report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price objective for the company. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Insider Activity at Artisan Partners Asset Management

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 18.50% of the company’s stock.

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.