Duality Advisers LP Has $453,000 Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Duality Advisers LP lifted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 80.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,251 shares of the asset manager’s stock after buying an additional 4,585 shares during the period. Duality Advisers LP’s holdings in Artisan Partners Asset Management were worth $453,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $71,885,000 after buying an additional 85,443 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Artisan Partners Asset Management by 4.8% in 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. raised its holdings in shares of Artisan Partners Asset Management by 29.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock valued at $41,288,000 after purchasing an additional 211,965 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at about $28,117,000. Finally, Barclays PLC raised its holdings in shares of Artisan Partners Asset Management by 58.1% in the 3rd quarter. Barclays PLC now owns 437,859 shares of the asset manager’s stock valued at $16,384,000 after purchasing an additional 160,825 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Down 2.8 %

Artisan Partners Asset Management stock opened at $41.02 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 12.38 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 0.57. Artisan Partners Asset Management Inc. has a twelve month low of $31.27 and a twelve month high of $46.75. The company’s 50-day moving average price is $43.72 and its two-hundred day moving average price is $41.01.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 74.25%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, analysts expect that Artisan Partners Asset Management Inc. will post 3.38 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.61 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.44 annualized dividend and a yield of 5.95%. Artisan Partners Asset Management’s dividend payout ratio is currently 82.93%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APAM. TD Cowen began 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 target price 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 Buying and Selling at Artisan Partners Asset Management

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.