Franklin Resources Inc. Sells 1,089 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Franklin Resources Inc. decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAMFree Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,403 shares of the asset manager’s stock after selling 1,089 shares during the period. Franklin Resources Inc.’s holdings in Artisan Partners Asset Management were worth $1,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. Charles Schwab Investment Management Inc. increased its holdings in Artisan Partners Asset Management by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,934,002 shares of the asset manager’s stock worth $85,444,000 after acquiring an additional 12,977 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Artisan Partners Asset Management by 4.8% in the third quarter. Federated Hermes Inc. now owns 1,009,353 shares of the asset manager’s stock valued at $37,770,000 after purchasing an additional 46,179 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Artisan Partners Asset Management by 29.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock valued at $41,288,000 after purchasing an additional 211,965 shares during the period. Barclays PLC lifted its stake in shares of Artisan Partners Asset Management by 58.1% during the 3rd quarter. Barclays PLC now owns 437,859 shares of the asset manager’s stock valued at $16,384,000 after buying an additional 160,825 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in Artisan Partners Asset Management by 28.1% in the 4th quarter. Heartland Advisors Inc. now owns 367,093 shares of the asset manager’s stock worth $17,608,000 after buying an additional 80,549 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

View Our Latest Research Report on APAM

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $43.71 on Wednesday. Artisan Partners Asset Management Inc. has a twelve month low of $32.12 and a twelve month high of $46.75. The stock has a market cap of $3.51 billion, a PE ratio of 13.33 and a beta of 1.84. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $43.98 and its 200-day moving average price is $42.77.

Artisan Partners Asset Management (NYSE:APAMGet Free Report) 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). Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $270.90 million. During the same period in the prior year, the firm posted $0.64 EPS. Artisan Partners Asset Management’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 5.58%. Artisan Partners Asset Management’s payout ratio is currently 74.39%.

About Artisan Partners Asset Management

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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