Olympiad Research LP Decreases Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Olympiad Research LP lessened its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,540 shares of the asset manager’s stock after selling 1,643 shares during the period. Olympiad Research LP’s holdings in Artisan Partners Asset Management were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in Artisan Partners Asset Management by 52.7% during the third quarter. Blue Trust Inc. now owns 2,386 shares of the asset manager’s stock valued at $98,000 after buying an additional 823 shares during the period. Allspring Global Investments Holdings LLC grew its position in Artisan Partners Asset Management by 35.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,963 shares of the asset manager’s stock valued at $518,000 after buying an additional 3,106 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Artisan Partners Asset Management by 14.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,626 shares of the asset manager’s stock valued at $1,840,000 after buying an additional 5,286 shares during the period. Nisa Investment Advisors LLC grew its position in Artisan Partners Asset Management by 34.4% during the third quarter. Nisa Investment Advisors LLC now owns 34,742 shares of the asset manager’s stock valued at $1,505,000 after buying an additional 8,900 shares during the period. Finally, Smith Group Asset Management LLC grew its position in Artisan Partners Asset Management by 24.8% during the third quarter. Smith Group Asset Management LLC now owns 11,466 shares of the asset manager’s stock valued at $497,000 after buying an additional 2,279 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 3.6 %

Shares of Artisan Partners Asset Management stock opened at $42.33 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 1 year low of $37.89 and a 1 year high of $49.54. The company has a market capitalization of $3.40 billion, a P/E ratio of 11.63 and a beta of 1.81. The business has a 50 day moving average price of $43.62 and a 200 day moving average price of $43.88.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share 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%. Sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analyst Weigh In

APAM has been the topic of several analyst reports. Evercore ISI raised their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, TD Cowen lifted their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.38.

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.