Aviance Capital Partners LLC Sells 9,198 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Aviance Capital Partners LLC decreased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,177 shares of the asset manager’s stock after selling 9,198 shares during the quarter. Aviance Capital Partners LLC’s holdings in Artisan Partners Asset Management were worth $1,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its position 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 during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Artisan Partners Asset Management in the 4th quarter valued at $37,000. Private Trust Co. NA lifted its holdings in Artisan Partners Asset Management by 77.9% during the 4th quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 522 shares during the last quarter. Sound Income Strategies LLC boosted 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 purchasing an additional 1,595 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Artisan Partners Asset Management in the third quarter valued at $88,000. Institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

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

Artisan Partners Asset Management Stock Performance

NYSE APAM traded up $0.68 on Monday, reaching $42.97. The stock had a trading volume of 339,869 shares, compared to its average volume of 476,400. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $3.45 billion, a P/E ratio of 13.10 and a beta of 1.85. The firm has a fifty day moving average of $43.65 and a two-hundred day moving average of $41.39. Artisan Partners Asset Management Inc. has a 1-year low of $31.41 and a 1-year high of $46.75.

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 business had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.61 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.68%. Artisan Partners Asset Management’s payout ratio is 82.93%.

Insider Activity at Artisan Partners Asset Management

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.50% of the stock is currently owned by corporate 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.