7 hours Ago By ABMN Staff
Smartleaf Asset Management LLC lifted its position in Artisan Partners Asset Management Inc. ( NYSE:APAM – Free Report ) by 166.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 1,027 shares of the asset manager’s stock after acquiring an additional 642 shares during the period. Smartleaf Asset Management LLC’s holdings in Artisan Partners Asset Management were worth $44,000 at the end of the most recent quarter. Other institutional investors have also recently bought and sold shares of the company.
R Squared Ltd bought a new stake in Artisan Partners Asset Management during the fourth quarter worth about $62,000. GAMMA Investing LLC lifted its stake in Artisan Partners Asset Management by 31.0% in the fourth quarter.
GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 350 shares during the last quarter. MCF Advisors LLC grew its position in shares of Artisan Partners Asset Management by 70.9% in the 4th quarter.
MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 638 shares during the period. KBC Group NV grew its position in shares of Artisan Partners Asset Management by 22.9% in the 3rd quarter.
KBC Group NV now owns 2,218 shares of the asset manager’s stock valued at $96,000 after acquiring an additional 413 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $200,000. Institutional investors and hedge funds own 86.
45% of the company’s stock. Artisan Partners Asset Management Price Performance Shares of NYSE APAM opened at $39.97 on Wednesday.
Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year 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 cap of $3.
21 billion, a P/E ratio of 10.98 and a beta of 1.83.
The business’s 50 day moving average is $43.12 and its 200-day moving average is $44.03.
Artisan Partners Asset Management Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend.
The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 5.
00%. Artisan Partners Asset Management’s dividend payout ratio is presently 92.31%.
Analyst Ratings Changes A number of research firms recently commented on APAM. Royal Bank of Canada reduced their price target on Artisan Partners Asset Management from $53.00 to $51.
00 and set an “outperform” rating for the company in a report on Monday, February 3rd. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Monday.
One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.
38. Check Out Our Latest Analysis 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. Featured Stories Want to see what other hedge funds are holding APAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artisan Partners Asset Management Inc.
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