Nisa Investment Advisors LLC Has $1.12 Million Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Nisa Investment Advisors LLC lessened its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 18.3% during the fourth quarter, HoldingsChannel reports. The firm owned 25,442 shares of the asset manager’s stock after selling 5,700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Artisan Partners Asset Management were worth $1,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in shares of Artisan Partners Asset Management by 666.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,344,717 shares of the asset manager’s stock worth $92,171,000 after acquiring an additional 2,038,663 shares in the last quarter. BlackRock Inc. raised its position in shares of Artisan Partners Asset Management by 25.0% in 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 in the last quarter. Morgan Stanley raised its position in shares of Artisan Partners Asset Management by 138.0% in the 4th quarter. Morgan Stanley now owns 1,817,495 shares of the asset manager’s stock worth $53,980,000 after acquiring an additional 1,053,748 shares in the last quarter. State Street Corp raised its position in shares of Artisan Partners Asset Management by 71.5% in the 2nd quarter. State Street Corp now owns 2,431,994 shares of the asset manager’s stock worth $95,602,000 after acquiring an additional 1,013,773 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Artisan Partners Asset Management in the 3rd quarter worth about $28,117,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on APAM shares. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th. 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.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $42.98 on Tuesday. Artisan Partners Asset Management Inc. has a one year low of $31.27 and a one year high of $46.75. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 13.60 and a beta of 1.85. The business has a 50-day simple moving average of $43.69 and a 200 day simple moving average of $40.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results 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 during the quarter, compared to analyst estimates of $249.90 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts anticipate 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 announced a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $1.02 dividend. 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%.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of Artisan Partners Asset Management stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of 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 through the SEC website. 18.50% of the stock is currently owned by corporate 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.