Measured Risk Portfolios Inc. Makes New $1.48 Million Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Measured Risk Portfolios Inc. bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,461 shares of the asset manager's stock, valued at approximately $1,484,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock valued at $208,000 after purchasing an additional 226 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. Stifel Financial Corp increased its position in Artisan Partners Asset Management by 0.3% during the fourth quarter. Stifel Financial Corp now owns 120,023 shares of the asset manager's stock valued at $5,167,000 after acquiring an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Artisan Partners Asset Management by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after purchasing an additional 350 shares during the period. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Performance

APAM opened at $42.69 on Tuesday. 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. The firm has a market capitalization of $3.43 billion, a PE ratio of 11.73 and a beta of 1.68. The firm has a 50 day moving average of $38.39 and a two-hundred day moving average of $42.59.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly 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. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The company had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. During the same period last year, the firm posted $0.76 EPS. Artisan Partners Asset Management's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 yield of 6.37%. The ex-dividend date is Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio is presently 75.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on APAM shares. TD Cowen lowered their price objective on shares of 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. TD Securities increased 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 research report on Thursday, May 1st. 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. Evercore ISI decreased their price objective 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 report on Thursday, May 1st. Finally, StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of "Hold" and an average price target of $37.90.

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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