Heron Bay Capital Management Reduces Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Heron Bay Capital Management cut its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,041 shares of the asset manager’s stock after selling 42,812 shares during the period. Heron Bay Capital Management’s holdings in Artisan Partners Asset Management were worth $2,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Artisan Partners Asset Management during the 4th quarter valued at about $852,000. Sei Investments Co. increased its holdings in Artisan Partners Asset Management by 5.2% in the 4th quarter. Sei Investments Co. now owns 101,826 shares of the asset manager’s stock worth $4,384,000 after buying an additional 5,065 shares during the period. Teacher Retirement System of Texas lifted its position in Artisan Partners Asset Management by 6.6% during the fourth quarter. Teacher Retirement System of Texas now owns 164,039 shares of the asset manager’s stock valued at $7,062,000 after purchasing an additional 10,120 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 56.3% in the 4th quarter. Intech Investment Management LLC now owns 20,555 shares of the asset manager’s stock valued at $885,000 after buying an additional 7,400 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $254,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 0.4 %

APAM opened at $40.24 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 11.05 and a beta of 1.83. The business has a fifty day moving average price of $42.71 and a 200 day moving average price of $43.91. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. Sell-side analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

A number of research analysts have weighed in on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Royal Bank of Canada lowered their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price 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.