Allworth Financial LP Increases Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Allworth Financial LP grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 716.0% during the fourth quarter, HoldingsChannel reports. The firm owned 612 shares of the asset manager’s stock after acquiring an additional 537 shares during the period. Allworth Financial LP’s holdings in Artisan Partners Asset Management were worth $27,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in Artisan Partners Asset Management by 666.1% during the second quarter. Goldman Sachs Group Inc. now owns 2,344,717 shares of the asset manager’s stock worth $92,171,000 after buying an additional 2,038,663 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Artisan Partners Asset Management by 25.0% during the 2nd quarter. BlackRock Inc. now owns 6,239,056 shares of the asset manager’s stock worth $245,257,000 after acquiring an additional 1,248,940 shares during the period. Morgan Stanley boosted its position in shares of Artisan Partners Asset Management by 138.0% during the 4th quarter. Morgan Stanley now owns 1,817,495 shares of the asset manager’s stock valued at $53,980,000 after acquiring an additional 1,053,748 shares during the last quarter. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 71.5% in the second quarter. State Street Corp now owns 2,431,994 shares of the asset manager’s stock valued at $95,602,000 after purchasing an additional 1,013,773 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Artisan Partners Asset Management during the third quarter worth about $28,117,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Down 1.3 %

Shares of NYSE APAM opened at $43.50 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $43.66 and its two-hundred day moving average is $40.70. Artisan Partners Asset Management Inc. has a 52-week low of $31.27 and a 52-week high of $46.75. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 13.77 and a beta of 1.85.

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

Artisan Partners Asset Management Increases Dividend

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

Wall Street Analyst Weigh In

APAM has been the topic of several recent analyst reports. TD Cowen assumed coverage on shares of Artisan Partners Asset Management in a report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 target price 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.

Insider Buying and Selling

In other Artisan Partners Asset Management 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 value of $105,700.00. Following the completion of the transaction, the executive vice president now owns 83,335 shares in the company, valued at $3,523,403.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 18.50% of the stock is owned by insiders.

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.