EntryPoint Capital LLC Purchases Shares of 4,841 Artisan Partners Asset Management Inc. (NYSE:APAM)

EntryPoint Capital LLC acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,841 shares of the asset manager’s stock, valued at approximately $208,000.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake 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 worth $208,000 after buying an additional 226 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. GAMMA Investing LLC raised its position in Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after purchasing an additional 350 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Artisan Partners Asset Management by 21.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,650 shares of the asset manager’s stock worth $114,000 after purchasing an additional 470 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Price Performance

APAM stock opened at $39.11 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $42.58 and its two-hundred day moving average price is $43.94. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.74 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 92.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management 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.