Aviance Capital Partners LLC Has $1.44 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aviance Capital Partners LLC increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,513 shares of the asset manager’s stock after buying an additional 2,098 shares during the period. Aviance Capital Partners LLC’s holdings in Artisan Partners Asset Management were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in APAM. QRG Capital Management Inc. lifted its position in Artisan Partners Asset Management by 6.0% in the third quarter. QRG Capital Management Inc. now owns 44,771 shares of the asset manager’s stock worth $1,939,000 after purchasing an additional 2,532 shares during the period. Atria Investments Inc increased its position in Artisan Partners Asset Management by 6.0% in the third quarter. Atria Investments Inc now owns 17,993 shares of the asset manager’s stock worth $779,000 after purchasing an additional 1,023 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Artisan Partners Asset Management by 7.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 47,318 shares of the asset manager’s stock worth $2,050,000 after buying an additional 3,136 shares during the last quarter. Versor Investments LP boosted its holdings in Artisan Partners Asset Management by 125.4% during the third quarter. Versor Investments LP now owns 14,921 shares of the asset manager’s stock worth $646,000 after buying an additional 8,300 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Artisan Partners Asset Management by 6.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 6,461 shares of the asset manager’s stock worth $280,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Up 0.9 %

Shares of APAM stock opened at $42.35 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 11.63 and a beta of 1.81. The stock has a 50-day moving average of $43.20 and a 200-day moving average of $43.98. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Analysts Set New Price Targets

APAM has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Evercore ISI boosted their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.38.

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.