Royce & Associates LP Purchases 4,212 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Royce & Associates LP grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,035,725 shares of the asset manager’s stock after acquiring an additional 4,212 shares during the period. Royce & Associates LP owned about 1.29% of Artisan Partners Asset Management worth $44,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after buying an additional 263 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after buying an additional 330 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after buying an additional 642 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $57,000. Finally, R Squared Ltd bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $62,000. Institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on APAM shares. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Royal Bank of Canada cut their price objective on shares of 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. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $39.57 on Friday. 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 company has a market capitalization of $3.18 billion, a P/E ratio of 10.87 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The firm has a 50-day moving average price of $42.82 and a two-hundred day moving average price of $43.94.

Artisan Partners Asset Management (NYSE:APAM) last issued 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 net margin of 23.36% and a return on equity of 74.02%. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is presently 92.31%.

Artisan Partners Asset Management 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.