Epoch Investment Partners Inc. Acquires 19,304 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Epoch Investment Partners Inc. grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 36.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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. owned approximately 0.09% of Artisan Partners Asset Management worth $3,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farringdon Capital Ltd. purchased a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $482,000. Zacks Investment Management purchased a new stake in Artisan Partners Asset Management in the fourth quarter worth $1,175,000. Operose Advisors LLC lifted its position in shares of Artisan Partners Asset Management by 0.9% during the fourth quarter. Operose Advisors LLC now owns 57,288 shares of the asset manager’s stock worth $2,466,000 after purchasing an additional 486 shares during the last quarter. Mariner LLC boosted its stake in shares of Artisan Partners Asset Management by 21.0% during the fourth quarter. Mariner LLC now owns 18,771 shares of the asset manager’s stock valued at $808,000 after purchasing an additional 3,253 shares during the period. Finally, Townsquare Capital LLC purchased a new position in Artisan Partners Asset Management in the 4th quarter worth about $293,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.4 %

NYSE:APAM opened at $35.04 on Monday. 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 stock has a market capitalization of $2.81 billion, a P/E ratio of 9.63 and a beta of 1.80. The company’s 50-day simple moving average is $39.80 and its 200-day simple moving average is $43.21. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data 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 return on equity of 74.02% and a net margin of 23.36%. On average, equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is currently 92.31%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APAM. Royal Bank of Canada dropped their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. TD Cowen lowered their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Evercore ISI cut their price target on Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus price target of $39.63.

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.