Artisan Partners Asset Management Inc. (NYSE:APAM) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,451 shares of the asset manager's stock after acquiring an additional 18,284 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Artisan Partners Asset Management worth $4,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. Raymond James Financial Inc. acquired a new position in Artisan Partners Asset Management in the fourth quarter valued at $20,607,000. Channing Capital Management LLC lifted its stake in shares of Artisan Partners Asset Management by 14.5% during the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after purchasing an additional 224,455 shares in the last quarter. Norges Bank acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $5,627,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Artisan Partners Asset Management by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after purchasing an additional 128,717 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $4,247,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Up 0.5 %

Artisan Partners Asset Management stock traded up $0.19 during midday trading on Monday, hitting $37.24. The stock had a trading volume of 969,481 shares, compared to its average volume of 464,899. The stock has a market cap of $2.99 billion, a P/E ratio of 10.23 and a beta of 1.80. The business has a fifty day moving average price of $38.86 and a 200 day moving average price of $42.94. 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 current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APAM. Evercore ISI reduced 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 note on Friday, April 11th. TD Cowen dropped their target price 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 lowered their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.