Private Trust Co. NA Buys 522 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Private Trust Co. NA increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 77.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,192 shares of the asset manager’s stock after buying an additional 522 shares during the quarter. Private Trust Co. NA’s holdings in Artisan Partners Asset Management were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APAM. Goldman Sachs Group Inc. increased its stake in Artisan Partners Asset Management by 666.1% in the second quarter. Goldman Sachs Group Inc. now owns 2,344,717 shares of the asset manager’s stock worth $92,171,000 after purchasing an additional 2,038,663 shares during the period. BlackRock Inc. increased its stake in Artisan Partners Asset Management by 25.0% in the second quarter. BlackRock Inc. now owns 6,239,056 shares of the asset manager’s stock worth $245,257,000 after purchasing an additional 1,248,940 shares during the period. Morgan Stanley increased its stake in Artisan Partners Asset Management by 138.0% in the fourth quarter. Morgan Stanley now owns 1,817,495 shares of the asset manager’s stock worth $53,980,000 after purchasing an additional 1,053,748 shares during the period. State Street Corp increased its stake in shares of Artisan Partners Asset Management by 71.5% during the second quarter. State Street Corp now owns 2,431,994 shares of the asset manager’s stock valued at $95,602,000 after buying an additional 1,013,773 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Artisan Partners Asset Management during the third quarter valued at $28,117,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $44.06 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 13.94 and a beta of 1.85. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. Artisan Partners Asset Management Inc. has a 12 month low of $31.27 and a 12 month high of $46.75. The stock’s fifty day moving average price is $43.65 and its 200-day moving average price is $40.60.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The company had revenue of $249.00 million for the quarter, compared to analyst estimates of $249.90 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.31 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The business also recently announced a None dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $1.02 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Artisan Partners Asset Management’s previous None dividend of $0.65. Artisan Partners Asset Management’s payout ratio is 86.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen assumed coverage on Artisan Partners Asset Management in a research note on Thursday, January 4th. They set a “market perform” rating and a $41.00 price target on the stock. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th.

Insiders Place Their Bets

In other Artisan Partners Asset Management 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 value 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 $3,523,403.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 18.50% of the company’s stock.

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.