Seven Eight Capital LP Buys New Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Seven Eight Capital LP purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAMFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,547 shares of the asset manager’s stock, valued at approximately $731,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new stake in Artisan Partners Asset Management during the fourth quarter worth approximately $1,212,000. Isthmus Partners LLC lifted its position in shares of Artisan Partners Asset Management by 3.4% during the 4th quarter. Isthmus Partners LLC now owns 61,726 shares of the asset manager’s stock worth $2,727,000 after buying an additional 2,025 shares during the last quarter. Provident Investment Management Inc. boosted its holdings in shares of Artisan Partners Asset Management by 12.5% in the 4th quarter. Provident Investment Management Inc. now owns 18,175 shares of the asset manager’s stock valued at $803,000 after buying an additional 2,025 shares in the last quarter. Stifel Financial Corp grew its position in shares of Artisan Partners Asset Management by 3.5% in the 4th quarter. Stifel Financial Corp now owns 183,742 shares of the asset manager’s stock valued at $8,118,000 after buying an additional 6,227 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Artisan Partners Asset Management by 10.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,484 shares of the asset manager’s stock worth $331,000 after acquiring an additional 680 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Check Out Our Latest Stock Analysis on APAM

Artisan Partners Asset Management Stock Performance

Shares of APAM opened at $42.65 on Tuesday. The company’s 50 day simple moving average is $43.82 and its 200-day simple moving average is $42.94. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $46.75. The firm has a market cap of $3.43 billion, a PE ratio of 13.00 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56.

Artisan Partners Asset Management (NYSE:APAMGet Free Report) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.76 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 analysts’ expectations of $270.90 million. During the same period in the previous year, the company posted $0.64 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 74.39%.

Artisan Partners Asset Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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