Artisan Partners Asset Management (NYSE:APAM) Trading Down 6.3% – Here’s Why

Artisan Partners Asset Management Inc. (NYSE:APAM)’s share price fell 6.3% during mid-day trading on Tuesday . The company traded as low as $39.67 and last traded at $39.63. 475,557 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 490,380 shares. The stock had previously closed at $42.31.

Wall Street Analysts Forecast Growth

APAM has been the subject of several recent analyst reports. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada decreased their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Stock Down 5.5 %

The business has a 50 day simple moving average of $43.12 and a 200-day simple moving average of $44.03. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.98 and a beta of 1.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. On average, equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 92.31%.

Institutional Trading of Artisan Partners Asset Management

Several hedge funds have recently made changes to their positions in the business. Dogwood Wealth Management LLC raised its stake in shares of Artisan Partners Asset Management by 8.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 12,792 shares of the asset manager’s stock valued at $551,000 after acquiring an additional 993 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at approximately $1,852,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Artisan Partners Asset Management by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 224,254 shares of the asset manager’s stock valued at $9,654,000 after purchasing an additional 15,266 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Artisan Partners Asset Management by 24.1% in the 4th quarter. Voloridge Investment Management LLC now owns 169,607 shares of the asset manager’s stock valued at $7,302,000 after purchasing an additional 32,953 shares in the last quarter. Finally, WBI Investments LLC purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at $368,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.