Epoch Investment Partners Inc. Boosts Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Epoch Investment Partners Inc. grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 36.0% during the 4th quarter, Holdings Channel reports. The fund owned 72,904 shares of the asset manager’s stock after purchasing an additional 19,304 shares during the period. Epoch Investment Partners Inc.’s holdings in Artisan Partners Asset Management were worth $3,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APAM. Bessemer Group Inc. boosted its holdings in Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 388 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Artisan Partners Asset Management by 82.7% in the fourth 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 last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 110.7% in the fourth 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 last quarter. Smartleaf Asset Management LLC grew its holdings in Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of 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. 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, April 9th. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Evercore ISI cut their price objective on Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating for the company in a research report on Friday, April 11th. One 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 MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $39.63.

Artisan Partners Asset Management Trading Up 0.4 %

Shares of APAM opened at $35.04 on Monday. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. The stock has a market cap of $2.81 billion, a PE ratio of 9.63 and a beta of 1.80. The firm’s fifty day moving average is $39.80 and its two-hundred day moving average is $43.21. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM) last released its 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 net margin of 23.36% and a return on equity of 74.02%. Research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 5.71%. Artisan Partners Asset Management’s payout ratio is 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.