UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 15,266 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,254 shares of the asset manager's stock after buying an additional 15,266 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Artisan Partners Asset Management worth $9,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. raised its holdings in shares of Artisan Partners Asset Management by 208.6% in the 4th 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. Larson Financial Group LLC raised its holdings in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after purchasing an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after purchasing an additional 330 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock worth $44,000 after purchasing an additional 642 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth approximately $57,000. 86.45% of the stock is currently owned by institutional investors.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president now owns 40,529 shares of the company's stock, valued at $1,793,002.96. This represents a 14.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.53% of the stock is owned by insiders.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded up $0.07 during trading on Wednesday, hitting $40.52. 334,826 shares of the company's stock traded hands, compared to its average volume of 494,761. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The firm's fifty day moving average price is $38.76 and its 200 day moving average price is $42.10. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The company has a market cap of $3.25 billion, a PE ratio of 11.13 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $281.15 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend was Friday, May 16th. Artisan Partners Asset Management's payout ratio is 75.14%.

Analysts Set New Price Targets

A number of brokerages recently commented on APAM. TD Cowen lowered their price objective on shares of 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. Evercore ISI cut their target price on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada upped their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. TD Securities upped their target price on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of "Hold" and an average price target of $37.90.

About Artisan Partners Asset Management

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.