Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,428 shares of the asset manager’s stock after purchasing an additional 3,760 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $492,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Aviance Capital Partners LLC lifted its holdings in Artisan Partners Asset Management by 0.9% in the 3rd quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock valued at $1,361,000 after purchasing an additional 286 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Artisan Partners Asset Management by 41.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after buying an additional 296 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Artisan Partners Asset Management by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock valued at $64,000 after buying an additional 350 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in Artisan Partners Asset Management by 6.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 6,461 shares of the asset manager’s stock worth $280,000 after acquiring an additional 406 shares during the last quarter. Finally, KBC Group NV grew its stake in 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 worth $96,000 after acquiring an additional 413 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday. TD Cowen raised their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Price Performance

APAM opened at $44.85 on Friday. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The company has a 50 day moving average of $44.56 and a two-hundred day moving average of $43.67. The company has a market cap of $3.60 billion, a P/E ratio of 12.49 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. On average, analysts expect that Artisan Partners Asset Management Inc. will post 3.47 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 91.37%.

Artisan Partners Asset Management Company 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.