Artisan Partners Asset Management Inc. $APAM Stock Holdings Lowered by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,209 shares of the asset manager’s stock after selling 18,525 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of Artisan Partners Asset Management worth $1,883,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in APAM. Charles Schwab Investment Management Inc. increased its holdings in shares of Artisan Partners Asset Management by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,048,225 shares of the asset manager’s stock valued at $124,185,000 after buying an additional 54,667 shares in the last quarter. State Street Corp boosted its stake in shares of Artisan Partners Asset Management by 0.4% during the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock worth $122,755,000 after acquiring an additional 12,356 shares in the last quarter. Morgan Stanley grew its holdings in shares of Artisan Partners Asset Management by 1.5% in the 4th quarter. Morgan Stanley now owns 2,022,630 shares of the asset manager’s stock worth $82,402,000 after acquiring an additional 30,515 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management by 14.6% in the 4th quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after acquiring an additional 250,475 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Artisan Partners Asset Management by 5.5% during the fourth quarter. Wasatch Advisors LP now owns 1,659,336 shares of the asset manager’s stock worth $67,601,000 after purchasing an additional 85,955 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $34.55 on Wednesday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.75 and a beta of 1.67. Artisan Partners Asset Management Inc. has a 1-year low of $34.37 and a 1-year high of $48.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $36.74 and its 200-day simple moving average is $39.16.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. On average, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.93 earnings per share for the current fiscal year.

Artisan Partners Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a yield of 8.9%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.97%.

Analysts Set New Price Targets

Several brokerages have recently commented on APAM. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their price objective on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Finally, Evercore set a $39.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Artisan Partners Asset Management has an average rating of “Hold” and a consensus target price of $39.75.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.