Impact Capital Partners LLC Buys New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Impact Capital Partners LLC bought a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,314 shares of the asset manager’s stock, valued at approximately $444,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in 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 valued at $25,000 after purchasing an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 valued at $27,000 after purchasing an additional 330 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 642 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $57,000. Finally, R Squared Ltd bought a new position in Artisan Partners Asset Management in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.3 %

APAM stock opened at $38.53 on Friday. The business’s fifty day moving average price is $42.97 and its two-hundred day moving average price is $43.98. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 10.58 and a beta of 1.83. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week 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.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping 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%. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of recent analyst reports. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada cut their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $44.38.

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.