Measured Wealth Private Client Group LLC grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,886 shares of the asset manager’s stock after acquiring an additional 1,168 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $1,011,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in APAM. Allworth Financial LP boosted its holdings in Artisan Partners Asset Management by 716.0% during the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after buying an additional 537 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter worth about $37,000. Private Trust Co. NA boosted its holdings in Artisan Partners Asset Management by 77.9% during the fourth quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock worth $53,000 after buying an additional 522 shares in the last quarter. Sound Income Strategies LLC raised its position in Artisan Partners Asset Management by 1,139.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,735 shares of the asset manager’s stock worth $77,000 after acquiring an additional 1,595 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Artisan Partners Asset Management in the third quarter worth $88,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.
Artisan Partners Asset Management Trading Up 0.9 %
Shares of NYSE APAM traded up $0.36 on Friday, reaching $42.29. 402,586 shares of the company traded hands, compared to its average volume of 430,825. The stock has a market capitalization of $3.38 billion, a PE ratio of 12.89 and a beta of 1.85. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $43.63 and a 200 day moving average of $41.25.
Artisan Partners Asset Management Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 82.93%.
Insider Buying and Selling at Artisan Partners Asset Management
In related news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.50% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.
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.
See Also
- Five stocks we like better than Artisan Partners Asset Management
- What is Forex and How Does it Work?
- MarketBeat Week in Review – 4/29 – 5/3
- Stock Market Upgrades: What Are They?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Are Penny Stocks a Good Fit for Your Portfolio?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Want to see what other hedge funds are holding APAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report).
Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.