Vestmark Advisory Solutions Inc. Decreases Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Vestmark Advisory Solutions Inc. decreased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,028 shares of the asset manager’s stock after selling 3,423 shares during the period. Vestmark Advisory Solutions Inc. owned about 0.06% of Artisan Partners Asset Management worth $2,166,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Artisan Partners Asset Management by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,921,025 shares of the asset manager’s stock valued at $71,885,000 after acquiring an additional 85,443 shares during the last quarter. Federated Hermes Inc. boosted its position in Artisan Partners Asset Management by 4.8% during the 3rd quarter. Federated Hermes Inc. now owns 1,009,353 shares of the asset manager’s stock valued at $37,770,000 after purchasing an additional 46,179 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Artisan Partners Asset Management by 29.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock worth $41,288,000 after buying an additional 211,965 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Artisan Partners Asset Management in the third quarter worth $28,117,000. Finally, Barclays PLC boosted its holdings in shares of Artisan Partners Asset Management by 58.1% during the third quarter. Barclays PLC now owns 437,859 shares of the asset manager’s stock valued at $16,384,000 after acquiring an additional 160,825 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

APAM stock traded up $0.36 during trading on Friday, reaching $42.29. 402,586 shares of the company’s stock were exchanged, compared to its average volume of 430,825. The firm has a market cap of $3.38 billion, a PE ratio of 12.89 and a beta of 1.85. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Artisan Partners Asset Management Inc. has a 1-year low of $31.27 and a 1-year high of $46.75. The company’s fifty day moving average price is $43.63 and its 200-day moving average price is $41.29.

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

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 dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.44 annualized dividend and a yield of 5.77%. Artisan Partners Asset Management’s payout ratio is 82.93%.

Analyst Ratings Changes

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.

Insiders Place Their Bets

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.50% of the stock is currently owned by insiders.

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.