Artisan Partners Asset Management (NYSE:APAM) Sets New 52-Week High at $46.13

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $46.13 and last traded at $46.08, with a volume of 102786 shares. The stock had previously closed at $44.97.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Sunday, March 17th. TD Cowen assumed coverage on shares of Artisan Partners Asset Management in a research note on Thursday, January 4th. They set a "market perform" rating and a $41.00 target price for the company.

Artisan Partners Asset Management Price Performance

The business's 50 day moving average is $43.43 and its two-hundred day moving average is $40.41. The firm has a market cap of $3.69 billion, a P/E ratio of 14.23 and a beta of 1.85. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The firm had revenue of $249.00 million during the quarter, compared to the consensus estimate of $249.90 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that Artisan Partners Asset Management Inc. will post 3.31 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a None dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $1.02 dividend. This is an increase from Artisan Partners Asset Management's previous None dividend of $0.65. This represents a yield of 5.5%. The ex-dividend date was Wednesday, February 14th. Artisan Partners Asset Management's payout ratio is 86.08%.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of Artisan Partners Asset Management stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total value of $105,700.00. Following the completion of the sale, the executive vice president now directly owns 83,335 shares of the company's stock, valued at $3,523,403.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 18.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APAM. AlphaMark Advisors LLC raised its position in shares of Artisan Partners Asset Management by 4.0% in the fourth quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager's stock valued at $298,000 after purchasing an additional 261 shares during the period. Quadrant Capital Group LLC increased its holdings in Artisan Partners Asset Management by 70.3% during the 4th quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager's stock worth $28,000 after acquiring an additional 265 shares during the period. Dana Investment Advisors Inc. increased its holdings in Artisan Partners Asset Management by 0.5% during the 3rd quarter. Dana Investment Advisors Inc. now owns 58,095 shares of the asset manager's stock worth $2,174,000 after acquiring an additional 300 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in shares of Artisan Partners Asset Management by 9.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,873 shares of the asset manager's stock worth $115,000 after buying an additional 333 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Artisan Partners Asset Management by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,613 shares of the asset manager's stock worth $2,710,000 after buying an additional 341 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

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.