Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 40.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,646 shares of the asset manager’s stock after acquiring an additional 4,485 shares during the period. Bank of Montreal Can’s holdings in Artisan Partners Asset Management were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its holdings in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Artisan Partners Asset Management by 110.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock valued at $44,000 after buying an additional 642 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Artisan Partners Asset Management during the fourth quarter worth $57,000. Finally, R Squared Ltd bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $35.04 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.81 billion, a P/E ratio of 9.63 and a beta of 1.80. The stock’s 50-day moving average price is $39.80 and its two-hundred day moving average price is $43.21. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Cowen lowered their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada cut their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective on Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.63.

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.