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

National Bank of Canada FI grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,590 shares of the asset manager’s stock after acquiring an additional 1,187 shares during the quarter. 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. PNC Financial Services Group Inc. lifted its holdings in Artisan Partners Asset Management by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 226 shares during the last quarter. Larson Financial Group LLC raised its position 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 during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Artisan Partners Asset Management by 110.7% in the 4th 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of Artisan Partners Asset Management by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after purchasing an additional 350 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Artisan Partners Asset Management by 21.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,650 shares of the asset manager’s stock worth $114,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

APAM has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen decreased their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.38.

Artisan Partners Asset Management Trading Down 5.8 %

NYSE APAM opened at $35.00 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 9.62 and a beta of 1.80. The firm has a 50 day simple moving average of $40.94 and a 200-day simple moving average of $43.52. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results 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%. Equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 5.71%. Artisan Partners Asset Management’s dividend payout ratio (DPR) 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.