New York State Common Retirement Fund Purchases 60,352 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

New York State Common Retirement Fund boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 430,619 shares of the asset manager’s stock after acquiring an additional 60,352 shares during the period. New York State Common Retirement Fund owned 0.54% of Artisan Partners Asset Management worth $18,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in shares of Artisan Partners Asset Management by 25.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock worth $78,499,000 after purchasing an additional 365,434 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Artisan Partners Asset Management by 22.0% in the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock valued at $48,609,000 after buying an additional 202,074 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Artisan Partners Asset Management by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after buying an additional 154,536 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Artisan Partners Asset Management by 6.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock valued at $66,426,000 after buying an additional 99,005 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new position in Artisan Partners Asset Management in the 4th quarter valued at about $4,247,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $42.33 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’s 50 day moving average price is $43.62 and its two-hundred day moving average price is $43.84. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.40 billion, a P/E ratio of 11.63 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating 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 predict that Artisan Partners Asset Management Inc. will post 3.6 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, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APAM. TD Cowen raised their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada dropped their price objective 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, February 3rd. Finally, Evercore ISI raised their price objective on 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.38.

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.