Amundi Has $1.69 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Amundi boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 128.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,254 shares of the asset manager’s stock after buying an additional 22,634 shares during the quarter. Amundi owned approximately 0.05% of Artisan Partners Asset Management worth $1,691,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Artisan Partners Asset Management by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 226 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after buying an additional 263 shares during the period. Aviance Capital Partners LLC raised its stake in shares of Artisan Partners Asset Management by 0.9% during the third quarter. Aviance Capital Partners LLC now owns 31,415 shares of the asset manager’s stock worth $1,361,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Artisan Partners Asset Management by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock valued at $64,000 after buying an additional 350 shares during the period. Finally, KBC Group NV boosted its stake in Artisan Partners Asset Management by 22.9% in the third quarter. KBC Group NV now owns 2,218 shares of the asset manager’s stock valued at $96,000 after acquiring an additional 413 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Trading Up 2.2 %

APAM opened at $40.43 on Tuesday. The firm’s fifty day moving average is $42.80 and its two-hundred day moving average is $43.95. The firm has a market cap of $3.25 billion, a PE ratio of 11.11 and a beta of 1.83. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping 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%. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Company 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.