Natixis Advisors LLC Has $13.61 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Natixis Advisors LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 316,154 shares of the asset manager’s stock after acquiring an additional 7,782 shares during the quarter. Natixis Advisors LLC owned 0.39% of Artisan Partners Asset Management worth $13,610,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Artisan Partners Asset Management by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager’s stock worth $208,000 after purchasing an additional 226 shares during the period. Larson Financial Group LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Artisan Partners Asset Management by 110.7% during 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 period. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 31.0% during the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after buying an additional 350 shares in the last quarter. Finally, KBC Group NV raised its position in Artisan Partners Asset Management by 22.9% in the 3rd quarter. KBC Group NV now owns 2,218 shares of the asset manager’s stock valued at $96,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APAM. Royal Bank of Canada reduced their price target 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. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued 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.

Artisan Partners Asset Management Stock Up 1.1 %

NYSE:APAM opened at $40.79 on Thursday. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 11.21 and a beta of 1.83. 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 stock’s 50 day moving average price is $42.75 and its two-hundred day moving average price is $43.92.

Artisan Partners Asset Management (NYSE:APAM) last issued 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%. Equities research analysts expect 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. Investors of record on Friday, February 14th were paid a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 4.90%. 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.