Allspring Global Investments Holdings LLC Has $239,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Allspring Global Investments Holdings LLC trimmed its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,400 shares of the asset manager’s stock after selling 1,510 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Artisan Partners Asset Management were worth $239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Artisan Partners Asset Management in the third quarter worth about $1,191,000. Private Trust Co. NA grew its holdings in Artisan Partners Asset Management by 458.3% during the 3rd quarter. Private Trust Co. NA now owns 670 shares of the asset manager’s stock worth $25,000 after acquiring an additional 550 shares during the period. Commonwealth Equity Services LLC raised its position 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 acquiring an additional 397 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Artisan Partners Asset Management by 10.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,261 shares of the asset manager’s stock worth $234,000 after purchasing an additional 597 shares during the period. Finally, Drake & Associates LLC raised its position in shares of Artisan Partners Asset Management by 13.9% in the 3rd quarter. Drake & Associates LLC now owns 12,731 shares of the asset manager’s stock valued at $476,000 after acquiring an additional 1,554 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $41.96 on Friday. Artisan Partners Asset Management Inc. has a twelve month low of $31.27 and a twelve month high of $46.75. The company has a market cap of $3.35 billion, a PE ratio of 12.79 and a beta of 1.85. The business’s 50 day moving average price is $43.69 and its two-hundred day moving average price is $41.05. The company has a quick ratio of 0.64, a current ratio of 0.55 and a debt-to-equity ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. During the same period in the previous year, the company earned $0.64 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 82.93%.

Insider Transactions at Artisan Partners Asset Management

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the business’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 completion of the sale, the executive vice president now owns 83,335 shares in the company, valued at $3,523,403.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 18.50% of the company’s stock.

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.