NewEdge Wealth LLC Sells 8,995 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

NewEdge Wealth LLC lowered its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,061 shares of the asset manager’s stock after selling 8,995 shares during the quarter. NewEdge Wealth LLC owned approximately 0.06% of Artisan Partners Asset Management worth $2,112,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP grew its position 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 buying an additional 365,434 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Artisan Partners Asset Management by 22.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock worth $48,609,000 after buying an additional 202,074 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Artisan Partners Asset Management by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after buying an additional 154,536 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Artisan Partners Asset Management by 6.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock worth $66,426,000 after buying an additional 99,005 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter worth approximately $4,247,000. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

APAM has been the topic of several research analyst reports. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday. Evercore ISI boosted their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Stock Up 2.2 %

NYSE:APAM opened at $42.18 on Friday. The company has a market cap of $3.39 billion, a PE ratio of 11.59 and a beta of 1.81. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month 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 company’s 50 day moving average is $43.36 and its two-hundred day moving average is $43.95.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data 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 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 92.31%.

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.