Artisan Partners Asset Management Inc. (NYSE:APAM) CFO Sells $624,871.60 in Stock

Artisan Partners Asset Management Inc. (NYSE:APAM) CFO Charles J. Daley, Jr. sold 15,448 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $40.45, for a total value of $624,871.60. Following the transaction, the chief financial officer now owns 91,363 shares of the company’s stock, valued at $3,695,633.35. This represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $40.69 on Friday. 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 has a market capitalization of $3.27 billion, a PE ratio of 11.18 and a beta of 1.70. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54. The company has a 50 day moving average price of $38.80 and a two-hundred day moving average price of $42.01.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The firm had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, May 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.69%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 75.14%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI decreased their price objective on Artisan Partners Asset Management from $33.00 to $32.00 and set an “in-line” rating for the company in a report on Thursday, May 1st. TD Cowen decreased their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. TD Securities raised their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Royal Bank of Canada lifted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Finally, Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $37.90.

Hedge Funds Weigh In On Artisan Partners Asset Management

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Bessemer Group Inc. raised its holdings in Artisan Partners Asset Management by 208.6% in the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $27,000 after acquiring an additional 330 shares during the period. SVB Wealth LLC acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after purchasing an additional 642 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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.