Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,428 shares of the asset manager’s stock after buying an additional 3,760 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APAM. Choreo LLC bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth about $295,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Artisan Partners Asset Management by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock worth $2,225,000 after acquiring an additional 7,966 shares during the period. Jennison Associates LLC lifted its holdings in Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock worth $1,841,000 after acquiring an additional 16,166 shares during the last quarter. Burford Brothers Inc. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $471,000. Finally, Ibex Wealth Advisors bought a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $4,247,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday. Evercore ISI raised their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. TD Cowen upped their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Stock Up 0.1 %

Shares of Artisan Partners Asset Management stock opened at $44.85 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54. The business’s fifty day moving average price is $44.56 and its two-hundred day moving average price is $43.67. The company has a market capitalization of $3.60 billion, a P/E ratio of 12.49 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.47 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 91.37%.

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.