Federated Hermes Inc. Cuts Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Federated Hermes Inc. lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 970,729 shares of the asset manager's stock after selling 38,624 shares during the quarter. Federated Hermes Inc. owned 1.21% of Artisan Partners Asset Management worth $42,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Artisan Partners Asset Management by 5.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,876,994 shares of the asset manager's stock worth $219,926,000 after acquiring an additional 382,572 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Artisan Partners Asset Management by 1.5% during the third quarter. Vanguard Group Inc. now owns 6,439,054 shares of the asset manager's stock worth $173,404,000 after acquiring an additional 92,289 shares in the last quarter. BlackRock Inc. boosted its holdings in Artisan Partners Asset Management by 25.0% during the second quarter. BlackRock Inc. now owns 6,239,056 shares of the asset manager's stock worth $245,257,000 after purchasing an additional 1,248,940 shares during the last quarter. State Street Corp boosted its holdings in Artisan Partners Asset Management by 71.5% during the second quarter. State Street Corp now owns 2,431,994 shares of the asset manager's stock worth $95,602,000 after purchasing an additional 1,013,773 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Artisan Partners Asset Management by 666.1% during the second quarter. Goldman Sachs Group Inc. now owns 2,344,717 shares of the asset manager's stock worth $92,171,000 after purchasing an additional 2,038,663 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Performance

APAM stock traded up $0.46 during trading hours on Friday, reaching $42.62. The stock had a trading volume of 449,435 shares, compared to its average volume of 347,219. The stock has a market capitalization of $3.40 billion, a PE ratio of 13.49 and a beta of 1.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $43.67 and a 200 day simple moving average of $40.87. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $249.90 million. During the same period last year, the firm earned $0.65 earnings per share. Artisan Partners Asset Management's revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that Artisan Partners Asset Management Inc. will post 3.42 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a None dividend, which was paid on Thursday, February 29th. Stockholders 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 dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 86.08%.

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 18.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.