Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 16.0% during the fourth quarter, Holdings Channel reports. The firm owned 8,590 shares of the asset manager’s stock after purchasing an additional 1,187 shares during the period. National Bank of Canada FI’s holdings in Artisan Partners Asset Management were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of APAM. Geode Capital Management LLC grew its stake in Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after buying an additional 82,868 shares during the last quarter. Principal Financial Group Inc. grew its position in Artisan Partners Asset Management by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock worth $14,695,000 after purchasing an additional 10,802 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Artisan Partners Asset Management during the 4th quarter valued at approximately $255,000. Jennison Associates LLC increased its holdings in shares of Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock valued at $1,841,000 after purchasing an additional 16,166 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Artisan Partners Asset Management by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock worth $2,225,000 after buying an additional 7,966 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 5.8 %

Shares of Artisan Partners Asset Management stock opened at $35.00 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The business has a 50 day moving average price of $40.94 and a 200 day moving average price of $43.52. The company has a market capitalization of $2.81 billion, a P/E ratio of 9.62 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. Sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal 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. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

Several equities analysts have issued reports on APAM shares. TD Cowen dropped their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price target 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $42.38.

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.