Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,862 shares of the asset manager's stock after purchasing an additional 17,688 shares during the period. Deutsche Bank AG owned about 0.21% of Artisan Partners Asset Management worth $7,270,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of 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 holdings in shares of Artisan Partners Asset Management by 208.6% during the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after acquiring an additional 388 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock worth $44,000 after acquiring an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $57,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APAM has been the topic of several research reports. Evercore ISI cut 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, May 1st. TD Securities raised their price target on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, May 1st. TD Cowen cut their price target on shares of 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. Royal Bank of Canada increased their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management currently has an average rating of "Hold" and an average price target of $37.90.

Artisan Partners Asset Management Stock Down 2.2%

Shares of APAM stock traded down $0.89 during mid-day trading on Friday, reaching $40.40. 488,279 shares of the company were exchanged, compared to its average volume of 487,588. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company has a market capitalization of $3.24 billion, a P/E ratio of 11.10 and a beta of 1.68. The business's 50 day simple moving average is $38.76 and its 200 day simple moving average is $42.50.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly 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. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The business had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. During the same quarter last year, the company earned $0.76 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Research 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 will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Friday, May 16th. Artisan Partners Asset Management's payout ratio is currently 75.14%.

Insiders Place Their Bets

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of Artisan Partners Asset Management stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total value of $300,876.24. Following the completion of the transaction, the executive vice president now owns 40,529 shares of the company's stock, valued at $1,793,002.96. The trade was a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.98% of the stock is currently owned by corporate insiders.

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.