Arizona State Retirement System Sells 351 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Arizona State Retirement System decreased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,140 shares of the asset manager’s stock after selling 351 shares during the quarter. Arizona State Retirement System’s holdings in Artisan Partners Asset Management were worth $846,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APAM. AlphaMark Advisors LLC lifted its position in shares of Artisan Partners Asset Management by 4.0% in the fourth quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock worth $298,000 after buying an additional 261 shares in the last quarter. Dana Investment Advisors Inc. raised its position in 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 purchasing an additional 300 shares during the period. Metropolitan Life Insurance Co NY raised its position in 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 purchasing an additional 333 shares during the period. Public Employees Retirement System of Ohio raised its position in 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 purchasing an additional 341 shares during the period. Finally, NewEdge Advisors LLC raised its position in 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 purchasing an additional 352 shares during the period. Institutional investors own 86.45% of the company’s stock.

Insider Transactions at Artisan Partners Asset Management

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the sale, the executive vice president now directly owns 83,335 shares in the company, valued at $3,523,403.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 18.50% of the company’s stock.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of recent research reports. TD Cowen initiated coverage on 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 Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

Artisan Partners Asset Management Trading Down 0.6 %

Shares of NYSE APAM opened at $42.19 on Thursday. 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 moving average price is $43.68 and its 200-day moving average price is $40.78. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 13.35 and a beta of 1.85.

Artisan Partners Asset Management (NYSE:APAM) last issued 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. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The firm had revenue of $249.00 million for the quarter, compared to the consensus estimate of $249.90 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.42 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

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

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.