UBS Group AG raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM – Free Report) by 21.6% during the 4th quarter, Holdings Channel reports. The firm owned 279,067 shares of the asset manager’s stock after buying an additional 49,635 shares during the quarter. UBS Group AG’s holdings in Artisan Partners Asset Management were worth $11,369,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $27,000. Chilton Capital Management LLC acquired a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $33,000. Eagle Bay Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $32,000. Finally, IFP Advisors Inc lifted its position in shares of Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 300 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.
Artisan Partners Asset Management Stock Performance
Shares of Artisan Partners Asset Management stock opened at $36.43 on Friday. Artisan Partners Asset Management Inc. has a one year low of $34.99 and a one year high of $48.50. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 9.22 and a beta of 1.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50 day moving average price is $36.84 and its 200 day moving average price is $40.62.
Artisan Partners Asset Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, May 15th. This represents a $3.08 dividend on an annualized basis and a yield of 8.5%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 102.28%.
Analyst Upgrades and Downgrades
APAM has been the topic of several research reports. Zacks Research downgraded Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. The Goldman Sachs Group decreased their target price on Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Royal Bank Of Canada decreased their target price on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $39.25.
Check Out Our Latest Stock Report on Artisan Partners Asset Management
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.
Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.
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