Northern Trust Corp Raises Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Northern Trust Corp grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 903,986 shares of the asset manager's stock after buying an additional 20,456 shares during the quarter. Northern Trust Corp owned 1.12% of Artisan Partners Asset Management worth $38,917,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Artisan Partners Asset Management by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock worth $208,000 after buying an additional 226 shares during the last quarter. Larson Financial Group LLC boosted its stake 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 worth $25,000 after acquiring an additional 263 shares during the last quarter. Stifel Financial Corp increased its position in shares of 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 worth $5,167,000 after purchasing an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 worth $27,000 after purchasing an additional 330 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Artisan Partners Asset Management by 31.0% in the 4th 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 last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Trading Down 0.8 %

APAM opened at $40.79 on Friday. The business's 50 day moving average price is $38.37 and its 200 day moving average price is $42.61. 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 stock has a market capitalization of $3.27 billion, a PE ratio of 11.21 and a beta of 1.68. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54.

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. The business had revenue of $277.10 million during the quarter, compared to analysts' expectations of $281.15 million. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.68 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.72 annualized dividend and a dividend yield of 6.67%. Artisan Partners Asset Management's dividend payout ratio is currently 75.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Royal Bank of Canada upped 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 note on Tuesday. TD Cowen decreased their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI dropped their price target on 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, TD Securities increased their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.

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