OneDigital Investment Advisors LLC Buys Shares of 11,691 Artisan Partners Asset Management Inc. (NYSE:APAM)

OneDigital Investment Advisors LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,691 shares of the asset manager's stock, valued at approximately $503,000.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in Artisan Partners Asset Management by 0.6% during the third quarter. Barclays PLC now owns 430,422 shares of the asset manager's stock worth $18,646,000 after buying an additional 2,455 shares during the last quarter. Tidal Investments LLC bought a new stake in Artisan Partners Asset Management during the 3rd quarter worth approximately $1,801,000. Franklin Resources Inc. raised its position in Artisan Partners Asset Management by 7.0% in the 3rd quarter. Franklin Resources Inc. now owns 47,799 shares of the asset manager's stock valued at $2,120,000 after purchasing an additional 3,147 shares during the last quarter. GAMMA Investing LLC boosted its stake in Artisan Partners Asset Management by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock worth $64,000 after purchasing an additional 350 shares in the last quarter. Finally, Range Financial Group LLC bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth $425,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Trading Up 4.4 %

NYSE APAM traded up $1.61 during trading hours on Thursday, hitting $38.59. The company's stock had a trading volume of 1,171,849 shares, compared to its average volume of 473,666. The stock has a fifty day moving average of $38.62 and a 200 day moving average of $42.87. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.10 billion, a P/E ratio of 10.60 and a beta of 1.80. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The firm had revenue of $277.10 million for the quarter, compared to analysts' expectations of $281.15 million. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The company's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

APAM has been the topic of several research reports. 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. Royal Bank of Canada reduced their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Evercore ISI lowered their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a report on Thursday. TD Cowen reduced their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, TD Securities increased their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of "Hold" and an average target price of $39.30.

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.