Strs Ohio Cuts Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Strs Ohio trimmed its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,200 shares of the asset manager’s stock after selling 1,700 shares during the quarter. Strs Ohio’s holdings in Artisan Partners Asset Management were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in Artisan Partners Asset Management by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,921,025 shares of the asset manager’s stock valued at $71,885,000 after buying an additional 85,443 shares during the period. Federated Hermes Inc. increased its holdings in Artisan Partners Asset Management by 4.8% during the third quarter. Federated Hermes Inc. now owns 1,009,353 shares of the asset manager’s stock valued at $37,770,000 after buying an additional 46,179 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Artisan Partners Asset Management by 29.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock worth $41,288,000 after purchasing an additional 211,965 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Artisan Partners Asset Management in the third quarter worth $28,117,000. Finally, Barclays PLC grew its holdings in Artisan Partners Asset Management by 58.1% in the third quarter. Barclays PLC now owns 437,859 shares of the asset manager’s stock worth $16,384,000 after purchasing an additional 160,825 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APAM shares. TD Cowen started coverage on shares of Artisan Partners Asset Management in a report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price target on the stock. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 18.50% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $43.43 on Wednesday. The firm has a market capitalization of $3.47 billion, a PE ratio of 13.74 and a beta of 1.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64. 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 $43.65 and its 200-day moving average price is $40.95.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $249.00 million for the quarter, compared to analyst estimates of $249.90 million. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. On average, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $1.02 per share. 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. This represents a dividend yield of 5.5%. Artisan Partners Asset Management’s payout ratio is 86.08%.

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.