Raymond James Financial Services Advisors Inc. Reduces Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 26.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,583 shares of the asset manager’s stock after selling 1,678 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Artisan Partners Asset Management were worth $202,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dana Investment Advisors Inc. raised its stake in shares of Artisan Partners Asset Management by 0.5% during the 3rd 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. Commonwealth Equity Services LLC raised its stake in shares of Artisan Partners Asset Management by 5.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,097 shares of the asset manager’s stock valued at $303,000 after purchasing an additional 397 shares during the period. Arizona State Retirement System raised its stake in shares of Artisan Partners Asset Management by 2.1% during the 3rd quarter. Arizona State Retirement System now owns 19,491 shares of the asset manager’s stock valued at $729,000 after purchasing an additional 406 shares during the period. RDA Financial Network raised its stake in shares of Artisan Partners Asset Management by 5.2% during the 3rd quarter. RDA Financial Network now owns 8,305 shares of the asset manager’s stock valued at $311,000 after purchasing an additional 411 shares during the period. Finally, Operose Advisors LLC raised its stake in shares of Artisan Partners Asset Management by 0.8% during the 3rd quarter. Operose Advisors LLC now owns 54,783 shares of the asset manager’s stock valued at $2,050,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the transaction, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 18.50% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $42.20 on Thursday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 13.35 and a beta of 1.85. 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 stock’s 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $41.00. Artisan Partners Asset Management Inc. has a twelve month low of $31.27 and a twelve month high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 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 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on APAM shares. TD Cowen started coverage on Artisan Partners Asset Management in a research note 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 note on Sunday, March 17th.

Artisan Partners Asset Management 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.