Fisher Asset Management LLC decreased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,572,156 shares of the asset manager's stock after selling 225,728 shares during the quarter. Fisher Asset Management LLC owned 1.97% of Artisan Partners Asset Management worth $69,458,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Chase Investment Counsel Corp raised its position in Artisan Partners Asset Management by 34.0% in the 4th quarter. Chase Investment Counsel Corp now owns 26,000 shares of the asset manager's stock worth $1,148,000 after buying an additional 6,600 shares during the last quarter. Duality Advisers LP increased its position in shares of Artisan Partners Asset Management by 80.9% during the 4th quarter. Duality Advisers LP now owns 10,251 shares of the asset manager's stock valued at $453,000 after purchasing an additional 4,585 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Artisan Partners Asset Management by 23.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,818 shares of the asset manager's stock valued at $655,000 after purchasing an additional 2,834 shares during the last quarter. Everence Capital Management Inc. increased its position in shares of Artisan Partners Asset Management by 45.4% during the 4th quarter. Everence Capital Management Inc. now owns 8,840 shares of the asset manager's stock valued at $391,000 after purchasing an additional 2,760 shares during the last quarter. Finally, Phocas Financial Corp. increased its position in shares of Artisan Partners Asset Management by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 135,951 shares of the asset manager's stock valued at $6,006,000 after purchasing an additional 2,378 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company's stock.
Insider Activity at Artisan Partners Asset Management
In related news, EVP Gregory K. Ramirez sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the transaction, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 18.50% of the stock is currently owned by corporate insiders.
Artisan Partners Asset Management Stock Performance
Shares of NYSE APAM traded up $0.36 during midday trading on Friday, hitting $42.29. 402,586 shares of the company's stock traded hands, compared to its average volume of 430,825. Artisan Partners Asset Management Inc. has a 1 year low of $31.27 and a 1 year high of $46.75. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 12.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day moving average of $43.63 and a 200 day moving average of $41.29.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.03). The company had revenue of $264.40 million for the quarter, compared to the consensus estimate of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The company's revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts forecast that Artisan Partners Asset Management Inc. will post 3.38 earnings per share 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 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.77%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 82.93%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Sunday, March 17th.
View Our Latest Research Report on APAM
About Artisan Partners Asset Management
(
Free Report)
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.
Further Reading
Before you consider Artisan Partners Asset Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Artisan Partners Asset Management wasn't on the list.
While Artisan Partners Asset Management currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
