Everence Capital Management Inc. Raises Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Everence Capital Management Inc. raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 45.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,840 shares of the asset manager’s stock after purchasing an additional 2,760 shares during the quarter. Everence Capital Management Inc.’s holdings in Artisan Partners Asset Management were worth $391,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its position in shares of Artisan Partners Asset Management by 4.0% during the fourth quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock valued at $298,000 after buying an additional 261 shares during the last quarter. Dana Investment Advisors Inc. raised its position in shares of Artisan Partners Asset Management by 0.5% during the third quarter. Dana Investment Advisors Inc. now owns 58,095 shares of the asset manager’s stock valued at $2,174,000 after buying an additional 300 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in shares of Artisan Partners Asset Management by 9.4% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,873 shares of the asset manager’s stock valued at $115,000 after buying an additional 333 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Artisan Partners Asset Management by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 100,613 shares of the asset manager’s stock valued at $2,710,000 after buying an additional 341 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Artisan Partners Asset Management by 32.9% during the first quarter. NewEdge Advisors LLC now owns 1,422 shares of the asset manager’s stock valued at $45,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

APAM has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Artisan Partners Asset Management in a research report on Thursday, January 4th. They set a “market perform” rating and a $41.00 price objective on the stock. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now directly owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.50% of the company’s stock.

Artisan Partners Asset Management Trading Down 0.1 %

Shares of APAM opened at $42.13 on Friday. The company’s fifty day moving average is $43.67 and its 200 day moving average is $40.79. 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 has a market capitalization of $3.37 billion, a PE ratio of 13.33 and a beta of 1.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.64.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $249.90 million. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. Artisan Partners Asset Management’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.42 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a None dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $1.02 per share. This represents a yield of 5.5%. This is a positive change from Artisan Partners Asset Management’s previous None dividend of $0.65. The ex-dividend date of this dividend was Wednesday, February 14th. Artisan Partners Asset Management’s payout ratio is presently 86.08%.

Artisan Partners Asset Management 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.