Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Private Trust Co. NA

Private Trust Co. NA increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 77.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,192 shares of the asset manager’s stock after acquiring an additional 522 shares during the period. Private Trust Co. NA’s holdings in Artisan Partners Asset Management were worth $53,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Capital Advisors Group LLC. purchased a new stake in Artisan Partners Asset Management during the 2nd quarter worth about $25,000. Acadian Asset Management LLC purchased a new stake in Artisan Partners Asset Management during the 1st quarter worth about $26,000. State of Wyoming purchased a new stake in Artisan Partners Asset Management during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in Artisan Partners Asset Management during the 2nd quarter worth about $29,000. Finally, Geneos Wealth Management Inc. increased its holdings in Artisan Partners Asset Management by 95.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager’s stock worth $33,000 after purchasing an additional 410 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on APAM shares. TD Cowen assumed coverage on Artisan Partners Asset Management in a report on Thursday, January 4th. They set a “market perform” rating and a $41.00 price target on the stock. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Artisan Partners Asset Management Trading Down 1.3 %

APAM opened at $44.06 on Friday. Artisan Partners Asset Management Inc. has a one year low of $31.27 and a one year high of $46.75. The company has a market cap of $3.52 billion, a P/E ratio of 13.94 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. The business’s 50-day simple moving average is $43.65 and its 200-day simple moving average is $40.60.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $249.90 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.31 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently declared a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a dividend of $1.02 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 86.08%.

Insider Buying and Selling

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.50% of the stock is currently owned by company insiders.

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.