Vestmark Advisory Solutions Inc. Has $2.17 Million Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Vestmark Advisory Solutions Inc. cut its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,028 shares of the asset manager’s stock after selling 3,423 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Artisan Partners Asset Management were worth $2,166,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APAM. AlphaMark Advisors LLC raised its holdings in Artisan Partners Asset Management by 4.0% in the 4th quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock valued at $298,000 after acquiring an additional 261 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in Artisan Partners Asset Management by 0.5% during the third quarter. Dana Investment Advisors Inc. now owns 58,095 shares of the asset manager’s stock worth $2,174,000 after buying an additional 300 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Artisan Partners Asset Management by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,097 shares of the asset manager’s stock valued at $303,000 after buying an additional 397 shares during the period. Arizona State Retirement System increased its holdings in Artisan Partners Asset Management by 2.1% in the 3rd quarter. Arizona State Retirement System now owns 19,491 shares of the asset manager’s stock valued at $729,000 after buying an additional 406 shares during the period. Finally, Operose Advisors LLC raised its position in shares of Artisan Partners Asset Management by 0.8% in the 3rd quarter. Operose Advisors LLC now owns 54,783 shares of the asset manager’s stock valued at $2,050,000 after buying an additional 418 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

Insider Buying and Selling

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the completion of the transaction, the executive vice president now owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.50% of the stock is currently owned by corporate insiders.

Artisan Partners Asset Management Price Performance

Shares of APAM stock traded up $0.36 on Friday, hitting $42.29. 402,586 shares of the company’s stock were exchanged, compared to its average volume of 430,825. The company has a 50 day moving average of $43.63 and a 200 day moving average of $41.29. The stock has a market cap of $3.38 billion, a P/E ratio of 12.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. Artisan Partners Asset Management Inc. has a 12 month low of $31.27 and a 12 month high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 82.93%.

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.