Artisan Partners Asset Management Inc. (NYSE:APAM) Holdings Trimmed by Aquatic Capital Management LLC

Aquatic Capital Management LLC lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,177 shares of the asset manager's stock after selling 11,423 shares during the period. Aquatic Capital Management LLC's holdings in Artisan Partners Asset Management were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APAM. Larson Financial Group LLC boosted its position in Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after acquiring an additional 263 shares during the period. Bessemer Group Inc. lifted its position in shares of Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after purchasing an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Artisan Partners Asset Management by 110.7% during 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 in the last quarter. Smartleaf Asset Management LLC grew its position in Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after purchasing an additional 642 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 on the stock in a report on Thursday. TD Cowen cut their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their price target on 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. TD Securities raised their price objective on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management has a consensus rating of "Hold" and an average target price of $39.30.

Artisan Partners Asset Management Trading Up 3.3 %

Shares of APAM stock opened at $39.80 on Friday. The business's 50 day moving average is $38.50 and its two-hundred day moving average is $42.77. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $49.54. The company has a market cap of $3.20 billion, a PE ratio of 10.93 and a beta of 1.80.

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

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date is Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 92.82%.

Artisan Partners Asset Management Company 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.

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