Artisan Partners Asset Management Inc. $APAM Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,031,344 shares of the asset manager’s stock after selling 62,498 shares during the period. Royce & Associates LP’s holdings in Artisan Partners Asset Management were worth $42,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new position in Artisan Partners Asset Management in the third quarter valued at approximately $27,000. Chilton Capital Management LLC acquired a new position in Artisan Partners Asset Management in the third quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $32,000. Community Bank N.A. acquired a new position in Artisan Partners Asset Management in the third quarter valued at approximately $33,000. Finally, IFP Advisors Inc boosted its stake in Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 300 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $37.70 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $40.31. The company has a market cap of $3.04 billion, a PE ratio of 9.54 and a beta of 1.68. Artisan Partners Asset Management Inc. has a 12-month low of $34.99 and a 12-month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, May 15th. This represents a $3.08 annualized dividend and a dividend yield of 8.2%. Artisan Partners Asset Management’s payout ratio is currently 77.97%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Royal Bank Of Canada decreased their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Evercore set a $37.00 target price on Artisan Partners Asset Management in a research note on Friday, April 10th. Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.25.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.