Aviva PLC Has $549,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aviva PLC cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,762 shares of the asset manager’s stock after selling 2,799 shares during the quarter. Aviva PLC’s holdings in Artisan Partners Asset Management were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of APAM. Raymond James Financial Inc. acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $20,607,000. Channing Capital Management LLC grew its stake in shares of Artisan Partners Asset Management by 14.5% in the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after acquiring an additional 224,455 shares in the last quarter. Norges Bank bought a new position in Artisan Partners Asset Management during the fourth quarter worth about $5,627,000. Charles Schwab Investment Management Inc. raised its stake in Artisan Partners Asset Management by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager’s stock worth $119,362,000 after purchasing an additional 128,717 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at about $4,247,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APAM. TD Cowen dropped their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday. Evercore ISI dropped 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 report on Friday. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada cut their price objective on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.63.

Artisan Partners Asset Management Price Performance

Shares of APAM stock opened at $35.50 on Friday. The business has a fifty day simple moving average of $40.75 and a 200 day simple moving average of $43.47. The company has a market cap of $2.85 billion, a P/E ratio of 9.75 and a beta of 1.80. 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 Inc. has a twelve month low of $32.75 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS 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%. On average, sell-side analysts forecast 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. Stockholders of record on Friday, February 14th were issued 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 5.63%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

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.